RHB Retail Research
Trading Stocks - ARB Berhad
ARB experienced a sharp rebound off the MYR0.28 support threshold intraday, and in the process, tested the MYR0.315 resistance – this coincided with the multi-month downtrend line. A positive bias may appear above MYR0.315 with resistance levels expected at MYR0.335 and MYR0.37. A downside breach of MYR0.305 would cancel this forecast.
Source: RHB Securities Research - 30 Nov 2020
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