RHB Retail Research
Trading Stocks - Heitech Padu
Heitech Padu attempted to move away from its immediate resistance level on strong volumes yesterday. Coupled with a “higher low” formation, the bullish bias may emerge if it manages to breach the MYR1.44 resistance mark. If that happens, the stock may then climb to the next hurdle at MYR1.50, followed by MYR1.58. If the stock falls below the MYR1.33 support, this anticipation will no longer apply.
Source: RHB Securities Research - 13 Jul 2021
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