RHB Retail Research
Trading Stocks - Nova Wellness Group
Nova Wellness Group was testing the MYR0.45 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR0.505, followed by MYR0.55. The stock may turn sideways if it cannot breach above the MYR0.45 threshold in the coming sessions. Support may be found at MYR0.40, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 31 Mar 2020
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