RHB Investment Research Reports

Trading Stocks - Prolexus

Publish date: Thu, 16 Feb 2023, 10:19 AM
0 2,393
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Prolexus is eyeing a technical breakout as it bounced off the 21-day average line and tested the MYR0.53 resistance on improved volume. If a breakout above that level emerges, the stock would propel higher towards the YTD high of MYR0.555, followed by the MYR0.60 threshold. However, the counter may move downwards if it drops below the MYR0.495 support, as it forms a “lower low” bearish pattern below the average line.

Source: RHB Securities Research - 16 Feb 2023

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