RHB Retail Research
Trading Stocks - Prolexus
Prolexus formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.94 level, with an exit set below the MYR0.865 threshold. Towards the upside, the immediate resistance is at the MYR1.10 mark. This is followed by the MYR1.20 level.
Source: RHB Securities Research - 8 Nov 2019
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