RHB Retail Research

Trading Stocks - Homeritz

rhboskres
Publish date: Fri, 16 Oct 2020, 04:45 PM
rhboskres
0 9,020
RHB Retail Research

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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