AYS Ventures is strengthening its bullish momentum as it reclaimed above the breakout level of MYR0.415 above the 21- day SMA line yesterday. Supported by stronger trading volume, the stock is set to propel towards the MYR0.45 resistance, followed by the MYR0.50 mark. A breach below the MYR0.39 support – forming a “lower low” bearish pattern below the SMA line – would dent sentiment and spark a downtrend.
Source: RHB Securities Research - 5 Sept 2023
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Created by rhbinvest | Jul 15, 2024