RHB Retail Research
Trading Stocks - Excel Force MSC
Excel Force MSC is ready for a strong rebound, as it moved past the 2-month consolidation phase of MYR0.605 on significant trading volume. The bulls above that level may may propel the stock to reach the resistance level of MYR0.68, before possibly hitting MYR0.745 – its multi-month high. However, falling below the MYR0.565 support may see the stock descending further.
Source: RHB Securities Research - 10 Nov 2021
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