Global Oriental’s multi-month sharp retracement has likely reached a low with the “Double-Bottom” formation. The possibility is high that a strong rebound is in the making. A positive bias is expected above MYR0.35 with resistance levels marked at MYR0.40 and MYR0.45. A downside breach of MYR0.35 would cancel this expectation.
Source: RHB Securities Research - 15 Mar 2021
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Created by rhboskres | Aug 26, 2024