RHB Retail Research
Trading Stocks - Kronologi Asia
Kronologi Asia is attempting to break out from the sideways zone since September. With trading volume on an uptrend, we believe the bullish momentum is gaining traction and it may break out soon. There is a bullish bias above the resistance level of MYR0.64, so expect the momentum to reach the next resistance level of MYR0.67, followed by MYR0.70. A downward breach of the MYR0.60 support would negate this expectation.
Source: RHB Securities Research - 8 Dec 2020
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