RHB Retail Research
Trading Stocks - Ni Hsin Resources
Ni Hsin Resources’ recent price actions indicate that a consolidation phase may be taking place, after it underwent a sharp upward move during the final week of 2020. A positive bias may appear above MYR0.265, with resistance levels marked at MYR0.30 and MYR0.33. A downside breach of MYR0.265 would nullify this price forecast.
Source: RHB Securities Research - 8 Jan 2021
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