RHB Retail Research
Trading Stocks - Tomypak
Tomypak rose higher to test the resistance level of MYR0.81. Observe that the RSI is above the threshold of 50%, indicating a strong bullish momentum. If a breakout from the resistance level is successful, the next resistance points will be at MYR0.85, followed by MYR0.90. This positive expectation would remain valid, provided the MYR0.76 support does not fail.
Source: RHB Securities Research - 13 Oct 2020
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