RHB Retail Research
Trading Stocks - Euro Holdings
Euro Holdings is set for a technical rebound after testing the immediate resistance on strong volume yesterday. The stock had bounced above its multi-month support level on strong volume, indicating that buying pressure has been picking up pace of late. If it crosses MYR2.68, it may climb towards the next resistance of MYR3.04, followed by MYR3.26. This expectation would be reversed if it falls below the MYR2.47 support level.
Source: RHB Securities Research - 20 May 2021
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