RHB Retail Research
Trading Stocks - Adventa
Adventa is attempting to move higher after it tested the immediate resistance recently. A bullish bias is expected to appear if it breaks above the MYR2.23 immediate resistance level. If the breakout happens, the bullish momentum may lift it towards the next resistance level at MYR2.36, followed by MYR2.50. However, this positive expectation may be nullified if it drops below the MYR1.90 threshold.
Source: RHB Securities Research - 18 May 2021
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