RHB Retail Research
Trading Stocks - Astro
Astro is set for an uptrend as it bounced off above its consolidation phase of MYR0.96 on high volume recently – printing above the 21-day average line. If it manages to retain above the consolidation level, a follow-through of this bullish momentum should propel the stock towards the psychological level of MYR1.00, followed by MYR1.05. If it falls below the MYR0.94 support, the momentum may be reversed.
Source: RHB Securities Research - 13 Dec 2021
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