RHB Retail Research
Technical Analysis - Prolexus
Prolexus
Prolexus formed a long white candle, indicating that the
momentum of buying could be strong. This close has sent the
stock to its highest close in nearly five months, thereby
enhancing the positive sentiment. A bullish bias may emerge
above the MYR0.73 level, with an exit set below the MYR0.62
threshold. Towards the upside, the immediate resistance is at
MYR0.86. This is followed by the MYR1.00 level.
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