RHB Retail Research
Trading Stocks - Appasia
Appasia attempted to break away from its multi-session sideways trading range, which has been taking place around the 21-day SMA line. Should the stock break above the MYR0.73 resistance, it would be expected to test the subsequent resistance levels of MYR0.745 and MYR0.775. A downside breach of MYR0.71 would cancel this positive trading set-up.
Source: RHB Securities Research - 20 Jan 2021
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