RHB Retail Research
Trading Stocks - Niche Capital Emas Holdings
Niche Capital Emas Holdings may stage a technical rebound after it formed a hammer pattern just above its 21-day SMA line. If it manages to break above the MYR0.235 immediate resistance point, a positive bias is expected to emerge before it can test the next resistance levels of MYR0.255 and MYR0.28. A fall below the MYR0.21 support level may change its direction.
Source: RHB Securities Research - 12 May 2021
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