HPP Holdings is set to continue its rebound after breaking above the resistance level. As it bounced off the previous resistance recently, the bullish bias should remain above the resistance-turned-support level of MYR0.635. Towards the upside, the bulls may test the next resistance of MYR0.665, followed by the MYR0.70 level. This positive expectation may be reversed if it breaches below the MYR0.62 threshold.
Source: RHB Securities Research - 10 May 2021
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Created by rhboskres | Aug 26, 2024