RHB Retail Research
Trading Stocks - Reservoir Link Energy
Reservoir Link Energy is extending its upward movement after it breached its immediate resistance of MYR0.55 on high trading volume. If it manages to stay above that level, the positive momentum may propel the stock towards the immediate resistance of MYR0.60, followed by MYR0.65. Meanwhile, if it falls below the MYR0.50 support level – below the 21-day SMA line, this expectation will be reversed
Source: RHB Securities Research - 30 Aug 2021
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