YX Precious Metals is set for an uptrend reversal after breaking above the MYR0.19 immediate resistance yesterday – this was coupled with strong trading volumes. If the breakout sustains, the bullish bias above that level may propel the stock towards the MYR0.22 mark and then the MYR0.245 threshold. However, the counter may reverse if it falls below the MYR0.17 support – as it may form a “lower low” bearish pattern beneath the 21-day average line.
Source: RHB Securities Research - 29 Jul 2022
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