• RCE is still holding firm within its medium-term uptrend channel. As long as prices stay above its key SMAs, we believe there is an opportunity for it to rise towards the upper resistance trend line.
• Technical indicators are showing improving trends. Both MACD are RSI signal lines are rising. Immediate resistance is seen at RM0.69 followed by RM0.72 next.
• Any share price weakness is an opportunity to accumulate. However, put a stop below its key SMAs as next support is weaker at RM0.575 and RM0.53.
RCE Capital Berhad is an investment holding company which provides management services. Through its subsidiaries, the company invests in property, provides information technology, financial administrative, loan financing, broadcasting and advertising media services. RCE Capital is also involved in general trading, licensing and merchandising activities.
