RHB Retail Research
Trading Stocks - Straits Inter Logistics
Straits Inter Logistics is showing signs of breaking off from its sideways consolidation phase after it bounced off from its support level on improved volume. If it manages to cross above the resistance level of MYR0.24, expect the bullish momentum to lift it towards the next resistance of MYR0.26, followed by the multi-month high of MYR0.285. Meanwhile, if the support level of MYR0.22 is broken, this trading set-up would be invalidated.
Source: RHB Securities Research - 29 Mar 2021
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