Possible for trend reversal. THPLANT is potentially staging a breakaway fromits prior downtrend, with anticipation of continuous improvement in bothmomentum and trend in the near term. Should immediate resistance level ofRM0.715 be broken with renewed buying interest, it may continue to lift pricehigher to subsequent resistance level of RM0.760.
However, failure to hold on to support level of RM0.635 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 3 Jul 2024
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