RHB Investment Research Reports

Trading Stocks - Prolexus

rhbinvest
Publish date: Fri, 08 Apr 2022, 09:33 AM
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Prolexus is set to reclaim its recent high as it climbed above the MYR0.71 resistance yesterday on significant trading volume, printing a “White Marubozu” bullish candlestick. With that momentum, the stock is expected to propel towards the recent high at MYR0.835 – followed by the MYR0.92 next resistance. However, the momentum may decline if it falls below the MYR0.645 support, which is below the 21-day average line.

Source: RHB Securities Research - 8 Apr 2022

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