RHB Retail Research

Trading Stocks - Mynews Holdings

Publish date: Thu, 11 Nov 2021, 05:14 PM
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RHB Retail Research

Mynews Holdings may be headed for a rebound, as it bounced off the support recently, followed by a mild pullback yesterday. If the bulls re-emerge to push the stock above the immediate resistance of MYR0.945 – above 21-day average line – it may reach the psychological resistance of MYR1.00, before hitting the recent high of MYR1.03. However, falling below the MYR0.895 support may see the stock descending further.

Source: RHB Securities Research - 11 Nov 2021

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