InNature’s bullish momentum is gaining traction after it broke past the MYR0.565 resistance. Observe that the stock has climbed above the 21-day SMA line, indicating that the correction has ended and it is poised to resume the upside movement. Should the bullish momentum sustain, the stock will climb towards MYR0.60, followed by MYR0.62. On the flip side, falling below the MYR0.535 support will negate the bullish expectation.
Source: RHB Securities Research - 26 Oct 2022
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