RHB Retail Research
Trading Stocks - Nova Wellness Group
Nova Wellness Group formed a white candle after it tested the MYR0.52 support in the prior session – this indicates that its recent correction may have reached an end. Its 30-day SMA line, which continues to trend higher, also points to a positive bias. A positive bias may emerge above MYR0.52, while the resistance is pegged at MYR0.60, followed by MYR0.70. A stop-loss can be placed below MYR0.52.
Source: RHB Securities Research - 1 Oct 2019
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