RHB Retail Research
Trading Stocks - Dagang Nexchange
Dagang Nexchange broke past the MYR0.785 immediate resistance on surging trading volume – it is set to retest its recent high. If it manages to maintain above the resistanceturned-support level – coupled with the “higher high” structure, the bullish momentum may lift the stock towards the next resistance at MYR0.90, followed by MYR0.935. Meanwhile, if it falls below the MYR0.75 support, this anticipation will be voided.
Source: RHB Securities Research - 9 Aug 2021
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