RHB Retail Research
Trading Stocks - Hiap Teck Venture
Hiap Teck Venture is poised to move higher on positive momentum. Premised with a “higher high” pattern formed above the 21-day SMA line, the positive momentum – above the MYR0.54 (resistance-turned-support) level – should propel the stock towards the next resistance of MYR0.615, followed by the MYR0.705 historical high. This expectation will be void if it drops below the MYR0.515 support level.
Source: RHB Securities Research - 16 Jun 2021
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