RHB Retail Research
Trading Stocks - Boilermech Holdings
Boilermech Holdings is poised to extend its uptrend after consolidating above the resistance-turn-support level of MYR1.33 for seven consecutive sessions. Its trading volume has been rising lately, indicating that the bulls are gaining traction. If it manages to stay above the resistance-turn-support level of MYR1.33, the bullish momentum may lift it towards the next resistance of MYR1.50, followed by MYR1.56. This trading set-up would be nullified if the MYR1.33 support is breached.
Source: RHB Securities Research - 31 Mar 2021
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