RHB Retail Research
Trading Stocks -Poh Huat Resources
Poh Huat Resources has been trending higher along the 21- day SMA line, and may soon test the resistance level of MYR1.83. A positive bias may emerge if it breaks out above the resistance level. From a technical perspective, the next resistance level should be at MYR1.90, followed by MYR1.96. A downside breach of the MYR1.72 support level would nullify this expectation
Source: RHB Securities Research - 2 Nov 2020
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