Technical Stockpick -  Bm Greentech Bhd
Wed, 27-Nov-2024 07:32 am
by Kenneth Leong • Apex Research

BMGREEN (0168)
Last Price (RM)
1.900
Resistance (RM)
R1 — 2.080 / R2 — 2.270
Support (RM)
S1 — 1.800

Technical Commentary:

Price is on recovery mode after rebounding in September. Coming closer, price has been gradually marching higher and the uptrend formation was re established. Traders may monitor for a potential triangle formation breakout above RM1.97 to target the next resistances located at RM2.08- RM2.27. Downside wise, support is pegged at RM1.80.

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Market Mover
Settlement Rates
Currency Buy Rates (RM) Sell Rates (RM)
USD 4.452920 4.487673
EUR 4.698373 4.707035
CNY 0.612094 0.612693
HKD 0.572113 0.576600
SGD 3.311112 3.337265