RHB Retail Research
Trading Stocks - RCE Capital
RCE Capital is printing another new high after it broke away the MYR3.14 immediate resistance on surging volume – forming a fresh “higher high” bullish pattern. If the breakout maintains, the buying momentum may drive the stock towards MYR3.30, followed by the MYR3.50 uncharted territory. Meanwhile, the stock may move downwards if it falls below the MYR3.00 support – below the 21-day average line.
Source: RHB Securities Research - 29 Sept 2021
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