RHB Retail Research
Trading Stocks - Optimax Holdings
Optimax Holdings is staging a technical breakout after it moved past the MYR1.44 consolidation phase on surging volume – forming a “higher high” bullish structure. If the breakout sustains, the bullish momentum may drive the stock towards the MYR1.57 threshold, before hitting MYR1.67, the next resistance. Meanwhile, the stock may move downwards if it falls below the MYR1.36 support.
Source: RHB Securities Research - 28 Sept 2021
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