Hong Leong Bank is poised to resume the uptrend after breaching the immediate resistance – forming a “higher high” price pattern. The bullish bias that emerged above the MYR19.00 resistance-turned-support level is likely to see the stock climb towards the next hurdle of MYR19.70, followed by MYR20.50. This expectation will be void if it falls below the MYR18.70 support level – forming a lower low pattern.
Source: RHB Securities Research - 21 Jun 2021
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Created by rhboskres | Aug 26, 2024