Revenue Group is expected to retest the all-time high after breaking past its previous resistance level. We observe that the trading volume has surged, indicating strong buying interest. As long as it sustains above the MYR1.97 level, the bullish momentum may continue towards the next resistance pegged at MYR2.14, followed by MYR2.20. Inversely, a downward breach of the MYR1.86 support will negate this expectation.
Source: RHB Securities Research - 8 Apr 2021
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Created by rhboskres | Aug 26, 2024