RHB Retail Research
Trading Stocks - Homeritz
Homeritz shot up with high volume, breaking past the resistance level of MYR0.78. With the latest price action, we are seeing a bullish formation of higher highs and higher lows. If it continues to trade above the resistance of MYR0.78, the next resistance level will be MYR0.83, followed by MYR0.88. Meanwhile, a downward breach of the MYR0.74 support should cancel this expectation.
Source: RHB Securities Research - 16 Oct 2020
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