RHB Retail Research
Trading Stocks - Poh Kong Holdings
Poh Kong Holdings is poised to resume its uptrend after breaching the resistance recently. Premised with a “higher low” pattern above the 21-day SMA line, a bullish bias has emerged above the MYR0.845 resistance-turned-support level. The stock will test the next resistance level at MYR0.90, followed by MYR1.01. Meanwhile, falling below the MYR0.81 support level will cancel this expectation.
Source: RHB Securities Research - 9 Jul 2021
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