RHB Retail Research
Trading Stocks - SYF Resources
SYF Resources is set for an uptrend reversal eyeing its recent high, after it moved past the nearest resistance of MYR0.415 on strong volume – printing a long white candlestick. If it manages to remain above that level, the positive momentum may continue to propel the stock towards MYR0.46 recent high, followed by the MYR0.505, which was its 52-week high. However, this expectation will be cancelled if it falls below the support of MYR0.385.
Source: RHB Securities Research - 20 Sept 2021
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