Pertama Digital is set to scale higher as it demonstrated a strong rebound for five consecutive sessions from the recent pullback – breaching above the MYR0.88 resistance level. Coupled with a “White Marubozu” bullish candlestick yesterday, the bulls are eager to take the stock higher towards the multiyear high at MYR0.95, followed by the MYR1.00 psychological level. Conversely, a fall below the MYR0.81 support will trigger selling pressure below the 21-day average line.
Source: RHB Securities Research - 13 Apr 2022
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