RHB Retail Research
Trading Stocks - Taliworks Corporation
Taliworks Corporation climbed above the 21-day SMA line, being ready to resume the upward movement. As trading volume has risen lately, the stock is ready to challenge the immediate resistance level of MYR0.83. If it breaches the resistance, we will expect the stock price to extend higher and test the next resistance level of MYR0.855, followed by MYR0.90. This positive expectation should remain valid, provided the MYR0.79 support remains firm.
Source: RHB Securities Research - 10 Dec 2020
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