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Heitech Padu Bhd (5028)

  • HTPADU advanced 7.4% or 6 sen to close at RM0.87 yesterday.
  • Following our technical report on 1 April 2019, share price has gained 16% and broke above the RM0.80 level. With the share price closing above its key moving averages with stronger momentum reinforced by the higher volume traded, we expect the price to trend higher.
  • Resistance levels are identified at RM 0.910 (R1) and further to RM1.05 (R2).
  • Conversely, support levels can be found at RM0.785 (S1) and RM0.770 (S2).
Source: Rakuten Research - 10 Apr 2019
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