RHB Retail Research
Trading Stocks - Homeritz Corporation
Homeritz’s 3-month retracement has likely reached an interim low. Recent price actions suggest that, at the minimum, a relatively stronger counter-trend rebound may be developing above the MYR0.59 support level. The resistance levels are marked at MYR0.65 and MYR0.70. A downside breach of MYR0.59 would negate this price forecast.
Source: RHB Securities Research - 19 Mar 2021
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