RHB Retail Research
Trading Stocks - Spring Art
Spring Art rebounded with a higher trading volume. The stock is testing the immediate resistance level at MYR0.37. If it breaks out from this resistance, we expect a bullish bias to emerge and push it towards the next resistance level pegged at MYR0.39 and followed by MYR0.42. A downside breach of the MYR0.335 support level will nullify this expectation and result in further share price corrections.
Source: RHB Securities Research - 28 Dec 2020
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