Aimflex is attempting to initiate an upward rebound, as it bounced off the support level to push past the MYR0.17 threshold on significant trading volume. If it manages to break past above that level, it may hit the immediate resistance of MYR0.185, then MYR0.20 – the highest level for the past six months. However, falling below the MYR0.15 support – below the 21-day average line – may see the stock descending further.
Source: RHB Securities Research - 30 Nov 2021
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Created by rhboskres | Aug 26, 2024