Bursa Malaysia is set to trend higher amid a breakout above the MYR7.40 resistance on a surge in trading volume yesterday – charting “higher highs” above the breakout point. Riding on the momentum, it should climb towards the MYR7.65 resistance, followed by the MYR8 mark. Towards the downside, falling below the MYR7.20 support would invalidate the bullish setup.
Source: RHB Securities Research - 30 Jan 2024
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Created by rhbinvest | Nov 18, 2024
Created by rhbinvest | Nov 18, 2024