RHB Retail Research
Trading Stocks - Shin Yang Shipping Corp
Shin Yang Shipping Corp could move upwards further after breaking past the consolidation phase of MYR0.36 on higher volume – printing a “higher high” bullish pattern. If it remains above that level, the bulls may test the recent high of MYR0.40, followed by MYR0.415. Meanwhile, the stock may head south if it falls below the MYR0.34 support – which is below the 21- day SMA line.
Source: RHB Securities Research - 14 Sept 2021
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