RHB Retail Research
Trading Stocks - Poh Kong Holdings
Poh Kong Holdings is in the process of breaching above its consolidation phase as it bounced off to hit the immediate resistance of MYR0.84 on surging higher volume. If it manages to break above that level, the strong buying interest may propel the stock towards MYR0.88 before it reaches the MYR1.00 psychological level. Conversely, falling below the MYR0.805 support level will cancel this expectation.
Source: RHB Securities Research - 26 Oct 2021
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