Time Dotcom is set to climb higher after it managed to sustain above the MYR4.44 recent breakout level yesterday – solidifying the “higher high” bullish pattern above the 21-day average line. Coupled with improved volume, the stock is expected to climb further towards the MYR4.61 resistance of 4 Aug 2021’s high, and then the MYR4.76 resistance, or the 28 May 2021’s high. If it falls below the support level of MYR4.30, the stock may trend downwards as it forms a “lower low” bearish structure below the average line.
Source: RHB Securities Research - 7 Jul 2022
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Apr 25, 2024