RHB Retail Research
Trading Stocks - Managepay Systems
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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