Technical View - Sealink International Bhd (SEALINK, 5145)

Sealink International Bhd (5145)

• SEALINK closed 4.5% or 3 sen higher to RM0.69 last Friday.
• Technically speaking, share price remains bullish with its up-trend channel as it is trading above all key moving averages. Based on the strong buying momentum share price is likely to break new high possibly heading towards the RM0.80 level.
• From here, resistance levels are expected at RM0.74 (R1) and further to RM0.80 (R2).
• Conversely, downside support levels are expected at RM0.60 (S1) and RM0.50 (S2).

Source: Rakuten Research - 10 Feb 2020

https://klse.i3investor.com/blogs/rakuten/2020-02-10-story-h1483737618-Technical_View_Sealink_International_Bhd_SEALINK_5145.jsp