RHB Retail Research
Trading Stocks - Astro Malaysia Holdings
Astro Malaysia Holdings is set for a technical breakout after it bounced off its support level and crossed above its immediate resistance level yesterday. Riding on strong volume, the strong momentum above the MYR1.09 level may lift the stock higher towards MYR1.15, and followed by the MYR1.20 level. Meanwhile, falling below the MYR1.03 support level would invalidate this expectation.
Source: RHB Securities Research - 2 Jun 2021
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