RHB Retail Research
Trading Stocks - Sarawak Cable
Sarawak Cable may be headed for a technical rebound as it bounced off the 21-day average line, while heading towards the immediate resistance of MYR0.445 on improved volume. If it pushes above that level, the bullish momentum may propel the stock towards the recent high of MYR0.47, then to the next resistance level of MYR0.53. This expectation will be nullified if it falls below the support level of MYR0.41 – below the average line.
Source: RHB Securities Research - 8 Nov 2021
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