RHB Investment Research Reports

Trading Stocks - Synergy House

rhbinvest
Publish date: Fri, 08 Nov 2024, 11:44 AM
rhbinvest
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Synergy House is poised to extend the upside movement after breaking past the resistance on strong volume. The stock has printed a fresh “higher high” bullish candlestick and closed above the MYR1.25 resistance – showing that a strong bullish momentum is underway. Riding on this momentum, expect a follow-through price action to test the MYR1.38 level, followed by the MYR1.50 mark. On the flipside, falling below the MYR1.15 support will dent market sentiment and set off a correction phase.

Source: RHB Securities Research - 8 Nov 2024

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