RHB Retail Research
Trading Stocks - WIDAD Group
WIDAD has been consolidating below the MYR0.60 resistance over the past two weeks after it rebounded off the 21-day SMA line. A positive bias may appear above the MYR0.60 resistance with subsequent resistance points pegged at MYR0.65 and MYR0.67. A downside breach of MYR0.575 would nullify this positive expectation.
Source: RHB Securities Research - 6 Oct 2020
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