RHB Retail Research
Trading Stocks - I-Bhd
I-Bhd is poised to continue climbing higher after it managed to break out from MYR0.31 recently. It the stock stays above the resistance-turn-support level of MYR0.31, the bullish sentiment may prevail and lift it towards the next resistance of MYR0.34, followed by MYR0.355. Inversely, breaching below the MYR0.285 support would cancel this expectation.
Source: RHB Securities Research - 5 Apr 2021
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