RHB Retail Research
Trading Stocks - Dagang Nexchange
Dagang Nexchange was showing signs of extending its uptrend after surging above the resistance of MYR0.905 on strong volume. Since buying interest is gaining traction, expect the bullish momentum to travel towards the next resistance of MYR1.05, followed by MYR1.10. If the support level of MYR0.85 is broken, this trading set-up would be invalidated.
Source: RHB Securities Research - 25 Mar 2021
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