Infomina is set to propel towards its 2-week high as it bounced off the 21-day SMA line, breaking above the MYR1.31 resistance and closing with a strong positive price action. Backed by surging trading volume, the stock is set to climb towards the 2-week high of MYR1.41, followed by the MYR1.50 mark, ie 19 Jan’s high. However, if the stock falls below the support of MYR1.24, our expectations would be negated.
Source: RHB Securities Research - 21 Mar 2023
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Created by rhbinvest | Apr 25, 2024