RHB Retail Research
Trading Stocks - Excel Force MSC
Excel Force formed an “Upside Gap” to cross above the 21-day SMA line and MYR0.485 resistance – indicating a good possibility that a rebound is taking place. A positive bias may emerge above MYR0.485 with resistance levels pegged at MYR0.515 followed by MYR0.545. A stop-loss can be placed below MYR0.47.
Source: RHB Securities Research - 28 Jul 2020
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