YX Precious Metals is poised to rebound upwards as it bounced strongly from the 21-day SMA line and tested the MYR0.29 consolidation level with improved trading volume. If it breaches this point, the bullish momentum should drive the stock towards the resistance of MYR0.315 – the 1-month high – followed by MYR0.355. A fall below the MYR0.27 support would negate the bullish setup.
Source: RHB Securities Research - 28 Nov 2023
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