RHB Investment Research Reports

Trading Stocks - Fiamma Holdings

Publish date: Thu, 09 Jun 2022, 03:27 PM
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Fiamma Holdings is set for a counter-trend rebound as it surpassed its sideways consolidation phase of MYR0.93, reclaiming above the 21-day average line. If the bullish momentum persists, the stock may propel towards the MYR1.00 psychological level, before reclaiming the historical high at MYR1.05. Conversely, the momentum may reverse if it falls below the MYR0.90 support – forming a “lower low” bearish pattern.

Source: RHB Securities Research - 9 Jun 2022

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