Go Hub Capital is poised to extend the upside movement after surging past the resistance on high volume. The stock printed a long white candlestick and closed above the MYR1.20 resistance, which shows the underlying momentum is bullish. After the breakout, we expect follow-through price actions to test the next resistance at MYR1.40, followed by the MYR1.65 mark. If it falls below the MYR1.05 support, this will negate the bullish setup.
Source: RHB Securities Research - 14 Nov 2024
Chart | Stock Name | Last | Change | Volume |
---|
Created by rhbinvest | Nov 14, 2024
Created by rhbinvest | Nov 14, 2024