Pappajack is set to print a new high after it broke past the peak of MYR0.51, supported by the “White Marubozu” bullish candlestick. The strong bullish momentum will likely lead to a new high of MYR0.55, followed by the MYR0.60 mark. However, the momentum may decline if it falls below the MYR0.46 consolidation support area, forming a “lower low” bearish structure.
Source: RHB Securities Research - 15 Apr 2022
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