RHB Retail Research
Trading Stocks - Prolexus
Prolexus may trend higher after posting another white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the buying momentum from 1 Oct’s upside gap. A positive bias may emerge above the MYR0.83 level, with an exit set below the MYR0.74 threshold. Towards the upside, the immediate resistance is at the MYR0.93 level. This is followed by the MYR1.00 point.
Source: RHB Securities Research - 7 Oct 2019
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