RHB Retail Research
Trading Stocks - Matrix Concept Holdings
Matrix Concept Holdings is poised to break above the sideways consolidation zone. With strong volume emerging recently, bullish bias is expected to appear above the MYR2.00 immediate resistance level. If the breakout happens, bullish momentum may lift it towards the next resistance level at MYR2.10, followed by MYR2.20. However, this positive expectation may be reversed if it dips below the MYR1.93 threshold.
Source: RHB Securities Research - 12 May 2021
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