RHB Retail Research
Trading Stocks - Pelikan International
Pelikan International is showing signs of sustaining its prior session’s breakout from a multi-session sideway correction phase. Chances are high that its upward move may extend further, above the MYR0.295 support. Meanwhile, the resistance points are pegged at MYR0.345 and MYR0.39. A downside breach of MYR0.295 would nullify this expectation.
Source: RHB Securities Research - 19 Nov 2020
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