Possible for further upside. MYCRON is attempting to pick up from its prior uptrend following a short congestion phase, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.600 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.640.
However, failure to hold on to support level of RM0.530 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 27 Oct 2021
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