RHB Retail Research
Trading Stocks - Astro Malaysia Holdings
Astro Malaysia Holdings is initiating an upward rebound as it bounced off the support level and broke past the immediate resistance of MYR0.975 on significant trading volume. If it manages to sustain above that level, it may hit the MYR1.05 threshold, followed by MYR1.09. However, falling below the MYR0.94 support – forming a “lower low” bearish pattern – may see the stock descending further.
Source: RHB Securities Research - 18 Nov 2021
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