RHB Retail Research
Trading Stocks - BIMB Holdings
BIMB Holdings is poised to move away from its consolidation phase after it attempted to breach the immediate resistance of MYR4.05 over two consecutive sessions – supported by strong trading volume. If it manages to break above that level, the bullish momentum may propel the stock towards the immediate resistance of MYR4.30, followed by MYR4.50 or its 52-week high. Meanwhile, if it falls below the MYR3.92 support level, this anticipation will be reversed.
Source: RHB Securities Research - 27 Aug 2021
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