Southern Cable Group is likely to resume its uptrend after it rebounded from the recent pullback and reclaimed the level above the MYR0.42 immediate resistance. If it manages to sustain above this level, the stock may trend higher towards the recent high of MYR0.45, followed by the historical high of MYR0.49. Conversely, a fall below the MYR0.38 support would trigger downward movement.
Source: RHB Securities Research - 6 Feb 2024
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Created by rhbinvest | Aug 23, 2024