RHB Investment Research Reports

Trading Stocks - Shin Yang Shipping

Publish date: Mon, 12 Jun 2023, 12:24 PM
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Shin Yang Shipping is in the process of climbing higher, after it broke past the resistance on strong volume. Observe that the stock has crossed above the MYR0.63 resistance and charted a “higher high” bullish candlestick. Amidst the bullish setup, the momentum would propel the stock towards MYR0.68, followed by MYR0.71. On the other hand, falling below the MYR0.58 support will negate the bullish structure.

Source: RHB Securities Research - 12 Jun 2023

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