RHB Retail Research
Trading Stocks - Peterlabs
Peterlabs has been trading in a sideways pattern over the past week or so, below the MYR0.235 resistance point. An upside breach of this point would suggest a resumption of upward movement, with resistance points pegged at MYR0.26 and MYR0.275. This bias will stay, provided prices do not return to below the MYR0.235 threshold after a breakout.
Source: RHB Securities Research - 11 Sept 2020
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