RHB Retail Research
Trading Stocks - Mynews
Mynews has likely completed its 1.5-week correction phase, which saw prices retest the 21-day SMA line. The stock has been rebounding from the said SMA line over the past two sessions. A positive bias is expected above MYR0.655 with resistance levels marked at MYR0.75 and MYR0.80. A downside breach of MYR0.655 would cancel this expectation.
Source: RHB Securities Research - 10 Mar 2021
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