RHB Retail Research
Trading Stocks - Prolexus
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Prolexus may be on course to retest its multi-month high after it tested the immediate resistance yesterday as it formed a “higher low” pattern. The bullish bias may appear if it breaches the MYR1.05 immediate resistance level. If a breakout happens, it may climb further towards MYR1.15 level, followed by MYR1.21 – its multi-month high. This expectation would be reversed if it drops below the MYR0.97 support level.
Source: RHB Securities Research - 3 Jun 2021
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