Ta Ann Holdings is set to reclaim its 52-week high after seeing positive momentum on Friday, and bouncing off its MYR5.03 immediate support level. As the stock is trading above the 21- day average line, it is expected to travel towards the next resistance of MYR5.39, followed by MYR5.50, which is the 52- week high. Meanwhile, a fall below the next support level of MYR4.70 may trigger the resumption of a downward correction, as it forms a “lower low” bearish pattern.
Source: RHB Securities Research - 28 Mar 2022
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Apr 25, 2024