RHB Retail Research
Trading Stocks - Astro Malaysia
Astro Malaysia has been undergoing a sideways trading around the 21-day SMA line over the past three weeks. Towards the upside, a breakout from the MYR0.785 resistance level would signal a rebound extension with subsequent resistance points expected at MYR0.82 and MYR0.85. A downside breach of the MYR0.77 would invalidate this expectation.
Source: RHB Securities Research - 9 Sept 2020
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