RHB Retail Research
Trading Stocks - Heveaboard
Heveaboard jumped above the immediate resistance level of MYR0.795, with higher trading volume. The positive price action is riding on the back of increasing trading volume, indicating strong buying interest. The uptrend may extend towards the next hurdle near MYR0.855, followed by MYR0.90. A downside breach of the MYR0.75 support would negate this expectation, and trigger a stock price correction.
Source: RHB Securities Research - 7 Dec 2020
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