RHB Retail Research
Trading Stocks - Sedania Innovator
Sedania Innovator underwent a pullback, with volume tapering from a recent high. If it manages to bounce off above the consolidation phase of MYR0.72, the bulls may drive the stock towards the immediate resistance of MYR0.80, followed by MYR0.84. Conversely, falling below the MYR0.655 support level – its recent breakout level - will cancel this expectation.
Source: RHB Securities Research - 9 Nov 2021
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