RHB Retail Research
Trading Stocks - Adventa
Adventa is expected to rebound towards the recent high, as it bounced off the recent breakout level of MYR1.36 yesterday following a recent pullback. If it manages to remain above that level, a follow-through in bullish momentum should emerge towards yesterday’s high of MYR1.51, followed by the next resistance point of MYR1.72 or the Monday’s high. If it falls below the MYR1.29 support, the momentum may be reversed.
Source: RHB Securities Research - 1 Dec 2021
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