RHB Retail Research
Trading Stocks - Spring Art
Spring Art saw trading volume building up, touching the resistance level at MYR0.40. If the stock crosses this resistance, a bullish bias may emerge. The positive momentum may drive it towards the next resistance level pegged at MYR0.43, followed by MYR0.47. A downside breach of the MYR0.36 support level would nullify this expectation and see further share price correction.
Source: RHB Securities Research - 2 Feb 2021
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