Datasonic Group is poised for an uptrend rebound after bouncing off the 21-day SMA line and testing the MYR0.46 immediate resistance level on higher trading volume. If a breakout occurs above this level, the bulls are likely to propel the stock towards the MYR0.50 resistance level, followed by the next one at MYR0.55. If the price falls below the support level at MYR0.435, it would signal the beginning of a correction.
Source: RHB Securities Research - 6 Feb 2024
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