RHB Retail Research
Trading Stocks - Edaran
Edaran is staging a technical rebound, as it bounced off the 21- day SMA line on strong volume. If it manages to pass the MYR0.90 resistance level, a bullish bias may emerge, boosting it towards the next resistance at MYR1.02 and, subsequently, the multi-year high of MYR1.20. Conversely, if the stock falls below the MYR0.78 support level, the trend may be reversed.
Source: RHB Securities Research - 2 Jul 2021
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