RHB Retail Research
Trading Stocks - Astro Malaysia
Astro Malaysia is attempting to stage a technical breakout, testing the resistance with high trading volume. If it breaks above the MYR1.22 immediate resistance, a bullish bias may re-emerge. The stock will then travel towards the next resistance at MYR1.30, followed by the higher hurdle at MYR1.35. Meanwhile, falling below the MYR1.12 support level will cancel this expectation.
Source: RHB Securities Research - 8 Jul 2021
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