RHB Retail Research
Trading Stocks - A-Rank
A-Rank may see a technical rebound after it bounced off the 21-day SMA line with a “long lower shadow” pattern. The bullish momentum may accelerate if the stock crosses above the immediate resistance of MYR0.665. If that happens, it may rebound towards the next resistance level at MYR0.71, followed by MYR0.73. Meanwhile, falling below MYR0.645 – below the 21-day SMA line – would negate this expectation.
Source: RHB Securities Research - 28 Apr 2021
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