RHB Retail Research
Trading Stocks - Sedania Innovator
Sedania Innovator was attempting to break away from its multi-week sideways move, which is centred around the 21- day SMA line. Towards the upside, a breach of MYR0.185 would mark the breakaway from the said consolidation zone with the resistance targeted at MYR0.195, followed by MYR0.21. A stop-loss can be placed below MYR0.175
Source: RHB Securities Research - 14 Jul 2020
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