Dancomech may rebound higher after it continued holding above the MYR0.585 support. Last Friday’s white candle closed above the 21-day SMA line, indicating a positive sign. A bullish bias may appear above the MYR0.615 level, with an exit set below the MYR0.585 threshold. Towards the upside, the near term resistance is at MYR0.675. This is followed by the MYR0.70 level.
Source: RHB Securities Research - 29 Apr 2019
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Created by rhboskres | Aug 26, 2024