RHB Retail Research
Trading Stocks - NWP
NWP’s correction phase that started from mid-Dec 2020 has likely reached an end with the stock showing signs of attempting to reverse towards the upside on improving volume in its recent sessions. A positive bias is likely to appear above MYR0.215 with resistance levels marked at MYR0.255 and MYR0.265. A downside breach of MYR0.215 would cancel this positive thesis.
Source: RHB Securities Research - 15 Mar 2021
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