RHB Investment Research Reports

Trading Stocks - YX Precious Metals

Publish date: Tue, 14 Mar 2023, 09:35 AM
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YX Precious Metals is set for a rebound as it recently surpassed the MYR0.25 resistance. This bullish momentum is further supported by a significant increase in trading volume, which is three times higher than the 30-day average volume. The stock's price pattern has formed a "higher high", indicating a potential climb towards the immediate resistance at MYR0.275. If this level is surpassed, the stock may continue to rise towards the MYR0.30 mark – last seen on 10 Jan 2023. However, if the stock falls below the MYR0.24 support, our expectation would be nullified.

Source: RHB Securities Research - 14 Mar 2023

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