RHB Retail Research
Trading Stocks - Mynews Holdings
Mynews Holdings is poised to break above the immediate resistance after it rose to an area above the 21-day SMA line yesterday. If it manages to cross over the immediate resistance of MYR0.885 – forming a “higher high” pattern – the bullish momentum may propel the stock towards the next resistance of MYR0.915, followed by MYR0.98. Meanwhile, breaking below the MYR0.845 support will invalidate this expectation.
Source: RHB Securities Research - 30 Jul 2021
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