RHB Retail Research
Trading Stocks - Paos Holdings
Paos Holdings is set to resume its uptrend as it bounced off from the recent pullback above the breakout level of MYR0.485 – solidifying its “higher low” bullish structure. The bullish momentum may accelerate towards the next resistance of MYR0.56, followed by MYR0.59. In the event it falls below the MYR0.44 support – forming a “lower low” pattern below the 21-day SMA line, this expectation would be cancelled.
Source: RHB Securities Research - 9 Sept 2021
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