RHB Retail Research
Trading Stocks - Homeritz Corporation
Homeritz Corporation’s sharp 1-month correction may have reached an interim low. A rebound extension is likely in developing, as it crossed above the MYR0.665 resistance and 21-day SMA line on strong volume. A positive trend is expected above MYR0.665, with resistance levels eyed at MYR0.715 and MYR0.735. This bias would be void if the MYR0.66 support is breached.
Source: RHB Securities Research - 21 Jan 2021
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