RHB Retail Research
Trading Stocks - Naim Holdings
Naim formed a long white candle to decisively break away from its 2-month consolidation phase, which took place around the 21-day SMA line. A positive bias may emerge above MYR0.71, with resistance points pegged at MYR0.785, followed by MYR0.825. A stop-loss can be placed below MYR0.71.
Source: RHB Securities Research - 9 Jun 2020
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