Quick take: Tune Protect rises 8% on technical buy


  • Stock on the Move
  • Monday, 20 Apr 2020

KUALA LUMPUR: Shares of TUNE PROTECT GROUP BHD rose almost 8% in early trade Monday following a technical buy from PublicInvest Research.

The insurer added 7.81%, or 2.5 sen to 34.5 sen with 1.98 million shares traded.

PublicInvest said Tune Protect’s first support level is at 30 sen while the second support level is at 26.5 sen. The third support level is at 23 sen.

Should the resistance level of 33.5 sen be broken, it may continue to lift price higher to subsequent resistance levels of 36 sen and 40 sen.

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