HE Group is set to resume its uptrend as it inched higher yesterday and pushed above the MYR0.52 immediate resistance level. If the breakout is sustained, the stock would trend higher towards the all-time high of MYR0.565, followed by MYR0.60. On the flip side, falling below the MYR0.48 support would negate the bullish setup.
Source: RHB Securities Research - 8 May 2024
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