RHB Investment Research Reports

Trading Stocks - Shin Yang

Publish date: Mon, 29 Jan 2024, 10:17 AM
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Shin Yang has climbed above a strong resistance, signifying bullish setup is confirmed. We observe the stock broke past the MYR0.66 resistance on strong volume. The 21-day SMA line is pointing upwards, showing the short-term trend is bullish. The bullish momentum should propel the stock towards MYR0.70 mark and followed by MYR0.74. On the flipside, breaching below the MYR0.62 support will negate the bullish setup.

Source: RHB Securities Research - 29 Jan 2024

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