RHB Retail Research
Trading Stocks - Insas
Insas is poised to stage a technical rebound after retracing from its recent high towards the previous breakout level on decreasing volumes. The bullish bias remains above the MYR0.865 immediate support level, ie the previous breakout. Hence, it is expected to bounce off towards the next hurdle at MYR0.915, followed by MYR0.96. If the stock falls below the MYR0.84 support, this expectation will be nullified.
Source: RHB Securities Research - 1 Jul 2021
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