RHB Retail Research
Trading Stocks - Excel Force MSC
Excel Force MSC formed a white candle on strong volume to cross above the MYR0.48 resistance after it consolidated around the 21-day SMA line over the past one week – this indicates a good possibility of a rebound extension. A positive bias may appear above MYR0.48 with resistance levels set at MYR0.505 and MYR0.53. A downside breach of MYR0.475 would render this forecast invalid.
Source: RHB Securities Research - 25 Nov 2020
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