RHB Retail Research
Trading Stocks - KUB Malaysia
KUB Malaysia is ready to jump higher, as it bounced off the consolidation level of MYR0.655 with surging volume yesterday. If it manages to stay above that level, bullish momentum may propel the stock towards the nearest resistance of MYR0.72, followed by the MYR0.775 multi-year high. However, falling below the MYR0.63 support – forming a “lower low” structure – may reverse the momentum.
Source: RHB Securities Research - 15 Oct 2021
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