RHB Retail Research
Trading Stocks - Optimax
Optimax broke out from the consolidation zone since October. The stock jumped above the immediate resistance level of MYR0.80 on higher trading volume. We think it is resuming the uptrend, and is ready to climb towards the next resistance level of MYR0.865, followed by MYR0.90. A downside breach of the MYR0.765 support level would nullify this expectation and lead to a further share price correction.
Source: RHB Securities Research - 21 Dec 2020
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