RHB Retail Research
Trading Stocks - Only World Group Holdings
Only World Group Holdings is poised for a rebound as it bounced off the 21-day average line, and reached the immediate resistance of MYR0.51 on high volume. If a breakout happens above that level, the bulls may drive the stock towards the recent high of MYR0.54, before touching the multi-year high of MYR0.59. However, falling below the MYR0.48 support may trigger a downtrend.
Source: RHB Securities Research - 1 Oct 2021
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