KYM Holdings is set to resume its uptrend after breaching above the MYR0.46 immediate resistance on stronger volume – printing a “higher high” bullish pattern. If the buying sustains, the stock may travel towards the MYR0.50 resistance, followed by the next resistance at MYR0.54 – Nov 2021’s high. Conversely, a fall below the MYR0.425 support will trigger selling pressure, as it cancels the previous breakout level.
Source: RHB Securities Research - 20 Apr 2022
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