Affin Bank is set to propel northwards as it broke above the MYR2.13 immediate resistance on strong volume yesterday – forming a “higher high” bullish structure. If the positive momentum persists, the stock may trend higher towards MYR2.24, then MYR2.34. Conversely, the momentum may reverse if it drops below the MYR2.06 support – trading below the 21-day average line.
Source: RHB Securities Research - 19 May 2022
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Created by rhbinvest | Apr 25, 2024