RHB Investment Research Reports

Trading Stocks - Toyo Ventures Holdings

Publish date: Thu, 30 Jun 2022, 03:45 PM
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Toyo Ventures Holdings is set to rebound higher as it broke above the MYR0.62 resistance yesterday on surging trading volumes – forming a “higher high” bullish structure. If it manages to sustain above the breakout level, the stock may climb further towards the MYR0.71 resistance, followed by the MYR0.75 next resistance, which was 27 May’s high. However, the stock may reverse direction if it falls below the MYR0.565 support – forming a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 30 Jun 2022

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