Minox International Group is set to eyeing for an uptrend reversal after bouncing off the 21-day SMA line, testing the MYR0.295 immediate resistance level yesterday. If a breakout happens, the stock may rebound strongly towards the MYR0.335 resistance, followed by the all-time high of MYR0.385. On the flip side, a drop below the MYR0.265 support would indicate a potential downtrend, beneath the SMA line.
Source: RHB Securities Research - 28 Dec 2023
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Created by rhbinvest | Aug 23, 2024