RHB Retail Research
Trading Stocks - Hiap Teck Venture
Hiap Teck Venture is showing signs of extending the uptrend after breaking away from the resistance level of MYR0.485. If it stays above the 21-day SMA line, the bullish momentum may push the stock towards the next resistance level at MYR0.525, followed by MYR0.545. Meanwhile, a downward breach of the MYR0.455 support – below 21-day SMA line – will negate this expectation.
Source: RHB Securities Research - 8 Apr 2021
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