IHH Healthcare is set for a strong technical rebound as it broke off the 2-month high of MYR6.10 recently and bounced off stronger yesterday – printing a “higher high” bullish structure. A bullish bias above that level may bring the stock higher towards MYR6.57 – 17 Aug’s high – before propelling upwards towards MYR6.76 or 18 May’s high. However, the counter may move downwards if it drops below the MYR6 mark, heading to print below the 21-day average line.
Source: RHB Securities Research - 30 Dec 2022
Chart | Stock Name | Last | Change | Volume |
---|