RHB Retail Research
Trading Stocks - Ipmuda
Ipmuda is eyeing for a technical breakout as it tried to hit the immediate resistance of MYR1.55 on strong trading volume. If it breaches above that level, the bulls may test the MYR1.75 immediate resistance, before reaching the multi-year high of MYR2.20. However, falling below the MYR1.38 support may trigger a downtrend – forming a “lower low” bearish pattern.
Source: RHB Securities Research - 20 Sept 2021
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