RHB Investment Research Reports

Trading Stocks - Avaland

Publish date: Tue, 27 Feb 2024, 10:22 AM
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Avaland may extend its uptrend after undergoing a bullish breakout. The counter broke past the MYR0.29 resistance recently on the heel of strong volume – indicating bullish momentum is in play now. The momentum should lift the counter towards the next resistance at MYR0.355 (the highest level since 1 Apr 2021) and followed by the MYR0.41 resistance. On the downside, support has established at the MYR0.26 level. Breaching the support would open the door for correction.

Source: RHB Securities Research - 27 Feb 2024

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