RHB Retail Research
Trading Stocks - Hup Seng Industries
Hup Seng Industries is eyeing the recent high as it surpassed the MYR0.975 immediate resistance on high trading volume during the latest session – forming a “White Marubozu” bullish candle. If it sustains above that level, the bullish momentum may propel the stock towards the next hurdle at MYR1.03, followed by MYR1.10. Meanwhile, if it falls below the MYR0.96 support, this anticipation will be voided.
Source: RHB Securities Research - 11 Aug 2021
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