RHB Retail Research
Trading Stocks - Hong Seng Consolidated
Hong Seng Consolidated is eyeing to move above its multimonth high lately, after breaching its previous resistance on strong volume. The positive momentum is likely to continue if it remains above the resistance-turned-support level of MYR0.835. The next resistance levels are marked at MYR0.88 and MYR0.94. A breakdown below the MYR0.80 support would negate this expectation.
Source: RHB Securities Research - 28 Jun 2021
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