RHB Retail Research
Trading Stocks - Edaran
Edaran is set to retest its recent high as it managed to sustain above the resistance-turned-support of MYR1.00 – displaying a “higher low” pattern. With the buying interest gaining traction near the immediate support level, expect the stock to bounce off higher towards the immediate resistance of MYR1.15, followed by MYR1.20 – its recent high. However, if the stock falls below the MYR0.975 support, this momentum will fade.
Source: RHB Securities Research - 3 Aug 2021
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