RHB Retail Research
Trading Stocks - Naim
Naim is attempting to breakout from the sideways consolidation zone. The stock is now nearing an important resistance level at MYR0.80. If a breakout happens, we believe the bullish momentum may propel the stock towards the next resistance level at MYR0.84, followed by MYR0.88. Meanwhile, a downward breach of the MYR0.755 support will nullify this expectation.
Source: RHB Securities Research - 26 Feb 2021
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