RHB Retail Research
Trading Stocks : HengYuan Refining Company
HengYuan Refining Company surpassed the immediate resistance level of MYR5.80 with higher trading volume. After two sessions of consolidation, it resumed the uptrend with a positive price action yesterday. With increasing trading volume lately, the stock is ready to challenge the next resistance level at MYR6.20, followed by MYR6.60. This positive expectation should remain valid, provided the MYR5.10 support is not breached
Source: RHB Securities Research - 9 Feb 2021
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