RHB Retail Research
Trading Stocks - Prolexus
Prolexus, in the midst of a parabolic move, broke past the resistance level of MYR1.72. As trading volume increased significantly, we expect the bullish momentum to continue, to reach the next resistance level of MYR1.89, followed by MYR2.00. This positive expectation should remain valid, provided the MYR1.60 support does not fail.
Source: RHB Securities Research - 15 Oct 2020
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