RHB Retail Research
Trading Stocks - POS Malaysia
POS Malaysia’s share price jumped higher on increased trading volumes and a bullish bias emerged above immediate resistance level marked at MYR1.16. With the uptrend resuming, we expect it to move higher and test the next resistance level at MYR1.24, followed by MYR1.30. This positive expectation should remain valid, provided the MYR1.10 support is not breached.
Source: RHB Securities Research - 30 Dec 2020
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