RHB Retail Research
Trading Stocks - SYF Resources
SYF Resources attempted to break above the resistance level, after consolidating and forming a double bottom in the wake of the recent pullback. A bullish bias would be established if it manages to break above the MYR0.42 resistance level. The next resistance levels are marked at MYR0.485, followed by the multi-month high of MYR0.505. A downside breach of MYR0.385 would negate this trading set-up.
Source: RHB Securities Research - 29 Mar 2021
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