RHB Retail Research
Trading Stocks - Flexidynamic Holdings
Flexidynamic Holdings is attempting to break away from its consolidation zone. Premised with the “higher high formation”, a bullish bias may emerge above the breakout level of MYR0.41. If a breakout occurs, the stock will climb towards the next resistance pegged at MYR0.44, before moving to a higher barrier at MYR0.47. Meanwhile, falling below the MYR0.38 support will invalidate this trading bias.
Source: RHB Securities Research - 21 Jul 2021
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