RHB Retail Research
Trading Stocks - Vitrox Corporation
Vitrox Corporation is eyeing the historical high after it broke away from the recent consolidation level of MYR19.36 on strong volume – forming a “higher high” bullish pattern. If the breakout is sustained, expect the bullish momentum to drive it towards the MYR20.78 historical high, before reaching uncharted territory at MYR23.00. Meanwhile, the stock may move downwards if it falls below the MYR18.56 support.
Source: RHB Securities Research - 22 Sept 2021
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