RHB Retail Research
Trading Stocks - Datasonic
Datasonic was touching the immediate resistance level with a higher trading volume. Underpinned by strong buying interest, the stock has been attempting to breakout from the sideways consolidation zone since October. If it crosses the MYR0.60 resistance, we expect it to move higher and test the next resistance level at MYR0.63, followed by MYR0.68. This positive expectation should remain valid, provided the MYR0.55 support is not breached.
Source: RHB Securities Research - 16 Dec 2020
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