RHB Retail Research
Trading Stocks - Prolexus
Prolexus has renewed its bullish momentum following a recent pullback as it bounced off to cross the immediate resistance of MYR0.44, thereby printing a long white candlestick. If it manages to stay above that point, the bulls may drive the stock towards the nearest resistance of MYR0.475, followed by MYR0.50. Conversely, falling below the MYR0.42 support will cancel this expectation.
Source: RHB Securities Research - 30 Nov 2021
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