RHB Retail Research
Trading Stocks - Symphony Life
Symphony Life is poised to test its multi-year high after rebounding yesterday with improved volume. With the formation of a “higher low” pattern, buying interest is likely to follow through and extend the uptrend towards the next resistance level of MYR0.745 and, subsequently, the multi-year high of MYR0.80. A downside breach of MYR0.66 would negate this trading set-up.
Source: RHB Securities Research - 23 Mar 2021
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