Dancomech was testing the MYR0.675 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.73, followed by MYR0.77. The stock may take a breather if it cannot breach above the MYR0.675 threshold decisively in the coming sessions. Support may be found at MYR0.615, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 3 May 2019
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Created by rhboskres | Aug 26, 2024