RHB Retail Research
Trading Stocks - Nylex
Nylex printed a 52-week high as it breached the immediate resistance of MYR1.26 on surging trading volume – establishing a “higher high” bullish pattern. If the breakout persists, the strong buying interest may propel the stock towards the immediate resistance levels of MYR1.40 and MYR1.50. Conversely, a fall below the MYR1.16 support level will nullify this expectation.
Source: RHB Securities Research - 22 Oct 2021
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