RHB Retail Research
Trading Stocks - NWP Holdings
NWP Holdings is poised to extend the rebound after it breached the resistance on improved volume recently. If it remains above MYR0.205 – the resistance-turned-support level – the stock may climb towards the next resistance levels of MYR0.23 and MYR0.245. On the other hand, if the stock drops below the MYR0.195 support level (ie below the 21-day SMA line), the anticipation should dissipate.
Source: RHB Securities Research - 25 Jun 2021
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