RHB Retail Research
Trading Stocks - Mynews Holdings
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Mynews Holdings experienced a technical breakout supported by strong volume yesterday. The strong bullish momentum has formed a “higher high” pattern above the MYR0.88 resistance turned-support level. If the momentum persists, it may travel higher towards the MYR1.06 hurdle, followed by MYR1.12. Meanwhile, falling below the MYR0.80 support level would invalidate this expectation.
Source: RHB Securities Research - 3 Jun 2021
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