RHB Retail Research
Trading Stocks - BIMB
BIMB rose above the 21-day SMA line, and attempted to breach above the immediate resistance level of MYR4.10. The stock has been consolidating sideways, while trading volume is increasing. If it crosses the resistance level, we expect bullish momentum to emerge – driving it towards the next resistance level of MYR4.28, followed by MYR4.50. This positive expectation should remain valid, provided the MYR3.84 support is not breached.
Source: RHB Securities Research - 23 Feb 2021
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
