RHB Retail Research
Trading Stocks - NTPM
NTPM was testing the immediate resistance level yesterday. The stock is poised to extend the uptrend above the resistance. As trading volume has increased of late, bullish interest has picked up. If the share price breaches the resistance of MYR0.86, it could push past the next levels of MYR0.90 and MYR0.99. This positive expectation should remain valid, provided the MYR0.79 support is not breached.
Source: RHB Securities Research - 18 Dec 2020
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