RHB Retail Research
Trading Stocks - Shin Yang Shipping
Shin Yang Shipping is poised to move towards the multi-year high after breaching the immediate resistance of MYR0.37, with trading volume spiking upwards yesterday. The positive momentum may lift it towards the next resistance of MYR0.40 and, subsequently, MYR0.45. Meanwhile, if the support level of MYR0.355 is breached, this expectation would be reversed.
Source: RHB Securities Research - 21 Apr 2021
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