RHB Retail Research

Trading Stocks - InNature

Publish date: Thu, 25 Nov 2021, 06:40 PM
0 9,020
RHB Retail Research

InNature may see the correction phase ending soon. Observe that the stock has pulled back from its October high due to strong profit taking. Meanwhile, trading volume has been decreasing, which signals selling pressure is tapering. As such, a bullish bias will emerge if it crosses the MYR0.72 immediate resistance. The stock may then travel towards the next resistance of MYR0.75, followed by MYR0.79. In the event it breaches below the MYR0.68 support, the stock may resume the downward movement.

Source: RHB Securities Research - 25 Nov 2021

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