RHB Investment Research Reports

Trading Stocks - Opcom Holdings

rhbinvest
Publish date: Thu, 12 May 2022, 09:17 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Opcom Holdings is set for a technical rebound after bouncing off the support level while breaching the MYR0.955 resistance and 21-day average line – forming a “higher high” bullish pattern. The immediate-term bullish momentum should bring the stock towards the MYR1.02 resistance level before advancing further towards the next resistance point at MYR1.08. However, the positive momentum may dissipate if it falls below the MYR0.90 support threshold, as it may form a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 12 May 2022

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