Sector: Industrial Product

Analysed on 23/10/21

SUCCESS attempted to breakout from the resistance at RM0.965 but it was not successful. SUCCESS is currently trading at RM0.960, with immediate support at RM0.900 and immediate resistance at RM0.965. Should SUCCESS break the resistance, it will challenge the next resistance at RM0.985.

Note that both EMA25 and EMA50 are sloping upwards showing that SUCCESS is currently an uptrend. As SUCCESS is trading at a distance above the EMA25, investor who is interested in SUCCESS may need to wait for retracement to minimise the risk. EMA25 can be taken as the reference for entry point.

Reason to Monitor: Potential Breakout

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