RHB Retail Research
Trading Stocks - ARB
ARB is set to move higher after moving out from its sideways consolidation phase by breaching above the MYR0.385 resistance level, on higher volume. The positive momentum should take the share price to towards the next resistance level of MYR0.43, followed by MYR0.46. Inversely, if the support level of MYR0.36 is breached, this expectation would be reversed.
Source: RHB Securities Research - 21 Apr 2021
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