RHB Investment Research Reports

Trading Stocks - SMRT Holdings

Publish date: Wed, 15 Mar 2023, 10:44 AM
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SMRT Holdings is poised for a strong rebound and is expected to reclaim its recent high after bouncing off the 21-day average line and breaching above the previous resistance level of MYR0.445. The surge in trading volume suggests a pick-up in buying interest. If the breakout persists, the stock is likely to surge towards the recent high of MYR0.54, and may hit MYR0.60. However, if the stock drops below the support level of MYR0.375, this may spark a reversal in momentum and a bearish pattern of a "lower low" below the average line.

Source: RHB Securities Research - 15 Mar 2023

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