RHB Retail Research
Trading Stocks - Nylex
Nylex is set to resume its uptrend, as it breached the immediate resistance of MYR0.945 on surging volume – printing a long white candlestick. If it manages to remain above that level, the buying interest may continue to propel the stock towards the closest resistance level of MYR1.09, followed by MYR1.13. However, this expectation will be cancelled if it falls below the support of MYR0.88.
Source: RHB Securities Research - 21 Sept 2021
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