RHB Retail Research
Trading Stocks - Duopharma Biotech
Duopharma Biotech is set to extend its technical rebound after it surpassed the immediate resistance the above 21-day SMA line, with a “long white candle” yesterday. If it manages to stay above the MYR3.00 breakout level, the bulls may eye the next resistance of MYR3.20, before heading to a higher hurdle of MYR3.40. Meanwhile, if the stock drops below the MYR2.90 support, this trading bias will no longer valid.
Source: RHB Securities Research - 16 Jul 2021
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