Infoline Tec Group is eyeing to reclaim the historical high as it rebounded from the 21-day average line yesterday, following the recent pullback. Riding on the “higher low” bullish pattern and improved trading volume, the stock is likely to stage a breakout above the MYR1 threshold. If that happens, the bullish momentum may propel the stock higher towards the MYR1.10 historical high, before possibly printing a new high at MYR1.20. However, the counter may move downwards if it drops below the MYR0.93 support, as it forms a “lower low” bearish pattern below the average line.
Chart | Stock Name | Last | Change | Volume |
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Created by rhbinvest | Jun 07, 2023
Created by rhbinvest | Jun 06, 2023
Created by rhbinvest | Jun 02, 2023