Westports Holdings may head north further, as it bounced off above the 21-day average line yesterday while attempting to push past the MYR4.09 resistance level. If it manages to reclaim the area above that level, a bullish bias may emerge to propel the stock towards the MYR4.19 resistance, before advancing towards MYR4.27. Meanwhile, a drop below the MYR3.90 support may trigger the resumption of a downward correction, forming a “lower low” bearish structure below the average line.
Source: RHB Securities Research - 11 May 2022
Chart | Stock Name | Last | Change | Volume |
---|