Technical View - Hwa Tai Industries Bhd - Rakuten Trade Research Reports

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Author: rakutentrade | Latest post: Fri, 19 Apr 2024, 10:32 AM

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Technical View - Hwa Tai Industries Bhd

Author: rakutentrade | Publish date: Thu, 9 Jun 2022, 5:55 PM

Hwa Tai Industries Bhd (HWATAI, 8478)

• Share price closed 5.7% higher at RM0.645 on Wednesday.

• HWATAI is staging a rounding bottom and formed White Marubozu candlestick with higher volume yesterday. It started to trade above both its MA20 and MA50 since yesterday.

• Coupled with upticks in its indicators & MACD bullish crossover, share price is expected to continue with its upside momentum.

• Resistance levels are identified at RM0.660 (R1) and RM0.750 (R2).

• On the flipside, support levels are pegged at RM0.620 (S1) and RM0.595 (S2).

Source: Rakuten Research - 9 Jun 2022

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Labels: HWATAI

Related Stocks

Chart	Stock Name	Last	Change	Volume
	HWATAI	0.605	+0.015 (2.54%)	1,875,700

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