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Rakuten Trade Research Reports

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Technical View - Kobay Technology Berhad

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Kobay Technology Berhad (KOBAY, 6971)

• Share price closed 8.98% higher at RM2.91 on Thursday.

• KOBAY broke out from its resistance level of RM2.84 yesterday with improved buying interests. It also closed above its MA 20 and MA 50 lines indicating sustained rebound from its low of RM2.60. Coupled with MACD crossover and bullish indicators, share price is expected to trend higher.

• Resistance levels are identified at RM3.03 (R1) and RM3.12 (R2).

• On the flipside, support levels are pegged at RM2.60 (S1) and RM2.56 (S2).

Source: Rakuten Research - 2 Dec 2022

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Labels: KOBAY

Related Stocks

Chart Stock Name Last Change Volume 
KOBAY 1.55 -0.10 (6.06%) 1,814,400 

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