RHB Retail Research
Trading Stocks - Fitters Diversified
Fitters Diversified is prepared to resume its uptrend after moving away from the immediate resistance of MYR0.33 recently. Premised on the “double bottom” formation which emerged recently, the bullish bias above the immediate support level should lift the stock to the next resistance of MYR0.375, before reaching its multi-month high of MYR0.44. Meanwhile, falling below the MYR0.315 support may change its direction.
Source: RHB Securities Research - 16 Jul 2021
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