RHB Retail Research

Trading Stocks - HPMT

Publish date: Wed, 24 Nov 2021, 04:50 PM
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RHB Retail Research

HPMT jumped higher to test the MYR0.70 immediate resistance on the back of strong trading volume. The stock has been moving sideways lately. However, with the increase in trading volume, the bullish momentum is gaining traction. If it breaks past the immediate resistance, the momentum may extend towards MYR0.73, followed by MYR0.79. On the downside, falling below the MYR0.63 support would void our expectation.

Source: RHB Securities Research - 24 Nov 2021

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