RHB Retail Research
Trading Stocks- Kumpulan Powernet
Kumpulan Powernet tested the MYR2.16 resistance mark. An upside breach of this level could suggest its rebound, which resumed after it recently tested the MYR2.07 (near the rising 21-day SMA line), is resuming. Subsequent resistance marks are at MYR2.30, followed by MYR2.50. A stop-loss can be set below MYR2.07.
Source: RHB Securities Research - 17 Jun 2020
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