KUALA LUMPUR (July 26): RHB Retail Research said Global Oriental Bhd is set to rebound higher as it experienced a technical breakout yesterday – surpassing the 31 sen resistance level on improved trading volumes and forming a “higher high” bullish structure.
In a trading stocks note today, the research house said if the breakout sustains, the bullish bias may propel the stock towards the 34 sen next resistance or July 5’s high.
“This is followed by 39 sen, which was May 30’s high.
“However, the counter’s uptrend movement may reverse if it falls below the 28.5 sen support, as it may form a “lower low” bearish pattern below the 21-day average line,” it said.
Source: TheEdge - 27 Jul 2022
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Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024
Created by edgeinvest | Mar 28, 2024