Innature is eyeing a new high, as it attempted to breach the immediate resistance on higher volume recently. If the stock manages to break above the MYR0.71 immediate resistance – marking a higher high pattern – it may then move towards the next obstacle of MYR0.74, followed by the unchartered territory of MYR0.80. Meanwhile, falling below the MYR0.68 support level would invalidate this expectation.
Source: RHB Securities Research - 21 Jun 2021
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Created by rhboskres | Aug 26, 2024