RHB Retail Research

Trading Stocks - Managepay Systems

rhboskres
Publish date: Wed, 07 Jul 2021, 05:50 PM
rhboskres
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RHB Retail Research

Managepay Systems is poised for a technical breakout, as it bounced off the immediate support yesterday. If it sustains above the MYR0.24 resistance-turned-support, the momentum may propel the stock towards the next resistance of MYR0.275, followed by MYR0.30. Conversely, if the stock falls below the MYR0.23 support level, the trend may switch to a downtrend.

Source: RHB Securities Research - 7 Jul 2021

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