Possible for further recovery. BIOHLDG is potentially staging a stronger recovery following a consolidation phase. Should immediate resistance level of RM0.170 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance levels of RM0.185 and RM0.200.
However, failure to hold on to support level of RM0.145 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 25 May 2022
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Created by PublicInvest | Apr 22, 2024