RHB Retail Research
Trading Stocks - Glomac
Glomac is staging a rebound after bouncing off from the immediate resistance of MYR0.37. If it manages to stay above that level, the bullish momentum may propel the stock towards the MYR0.395 level, before possibly hitting the MYR0.41 threshold. However, falling below the MYR0.35 support may see the stock descending further to mark a “lower low” bearish pattern.
Source: RHB Securities Research - 29 Oct 2021
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