RHB Retail Research
Trading Stocks - Texchem Resources
Texchem Resources breached above its multi-month strong resistance-tuned-support of MYR0.78 on strong volume yesterday. This indicates it is highly possible that the uptrend in recent weeks still has legs. A positive bias is set to emerge above MYR0.78, with resistance levels set at MYR0.90 and MYR0.95. This bias would be void if the MYR0.75 support fails.
Source: RHB Securities Research - 17 Mar 2021
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