RHB Retail Research

Trading Stocks - Mynews

rhboskres
Publish date: Wed, 10 Mar 2021, 05:52 PM
rhboskres
0 9,020
RHB Retail Research

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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