RHB Retail Research
Trading Stocks - Sersol
Sersol broke past the immediate resistance on high trading volume – forming a long white candlestick. If it manages to stay above MYR0.485, the bullish momentum may accelerate towards the next resistance of MYR0.56, followed by the MYR0.62 historical high. In the event it falls below the MYR0.44 support – forming a “lower low” pattern, this expectation would be cancelled.
Source: RHB Securities Research - 7 Sept 2021
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