RHB Retail Research
Trading Stocks - Hong Leong Capital
Hong Leong Capital is staging a technical breakout as it tested the MYR6.10 resistance level recently. If the breakout occurs, a bullish bias may appear. The stock may then climb towards the next hurdle of MYR6.35, followed by MYR6.60. If the stock falls below the MYR5.90 support, this anticipation would be cancelled.
Source: RHB Securities Research - 7 Jul 2021
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