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RHB Retail Research

Author: rhboskres   |   Latest post: Thu, 17 Jun 2021, 5:30 PM

 

Trading Stocks - Prolexus

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Prolexus jumped higher yesterday on surging trading volume. The stock is poised to test the immediate resistance level of MYR1.04. A successful break above the resistance would see the stock crossing above the 21-day SMA line – it could even move towards the next resistance levels pegged at MYR1.10, followed by MYR1.16. A downside breach of the MYR0.92 support level would nullify this expectation, and lead to a share price correction.

Source: RHB Securities Research - 23 Feb 2021

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Labels: PRLEXUS

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Chart Stock Name Last Change Volume 
PRLEXUS 1.17 -0.02 (1.68%) 8,393,400 

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