RHB Retail Research
Trading Stocks - Spring Art
Spring Art attempted to extend the upward move, testing the MYR0.26 resistance level. As trading volume has increased during recent sessions, we believe the bullish momentum will prevail and the stock will break out from this resistance soon. If this happens, the next resistance level is set at MYR0.275, followed by MYR0.29. Meanwhile, a downward breach of the MYR0.235 support should negate this expectation.
Source: RHB Securities Research - 30 Oct 2020
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