Poh Kong Holdings is poised to scale higher as it attempted to break above the MYR0.92 resistance level yesterday, before undergoing a retracement in the intraday. If it manages to breach above that level, the bulls may boost the stock further towards its recent high of MYR0.99, followed by MYR1.05. Conversely, a drop below the MYR0.87 support will trigger selling pressure, negating the recent breakout level.
Source: RHB Securities Research - 14 Apr 2022
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