DS Sigma is poised to move higher after breaking past the resistance on strong volume. Last Friday, the stock breached the MYR0.365 resistance on strong volume – forming a fresh “higher high” bullish candlestick. The stock should extend the upside movement towards the next resistance at MYR0.41, followed by MYR0.44. On the other hand, falling below the MYR0.34 support will resume the correction phase.
Source: RHB Securities Research - 27 May 2024
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