RHB Investment Research Reports

Trading Stocks - Sedania Innovator

Publish date: Wed, 22 Jun 2022, 10:44 AM
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Sedania Innovator is set to rebound further, as it reclaimed the area above the 21-day average line yesterday while surpassing the immediate resistance of MYR0.425 – coupled with high trading volume. If it manages to stay above that level, the stock may travel towards 7 Jun’s high of MYR0.485, followed by MYR0.51 (the high of 9 Jun). However, the stock may reverse direction if it falls below the MYR0.38 support – forming a “lower low” bearish pattern beneath the average line.

Source: RHB Securities Research - 22 Jun 2022

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