RHB Retail Research
Trading Stocks - Comfort Gloves
Comfort Gloves is staging a trend reversal after breaching the immediate resistance of MYR2.41 on the back of strong volume. It formed a Marubozu candlestick pattern, signalling strong buying interest yesterday. Underpinned by the positive momentum, it may travel towards the next resistance level of MYR2.62, followed by MYR2.76. Inversely, a downside breach of MYR2.15 would negate this expectation.
Source: RHB Securities Research - 15 Apr 2021
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