RHB Retail Research

Trading Stocks - Nylex

Publish date: Mon, 13 Dec 2021, 08:41 AM
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RHB Retail Research

Nylex is set to climb towards its multi-year high after breaching the MYR1.25 threshold on high volume recently and staying above the 21-day average line. If the breakout sustains above that level, the bullish momentum should continue towards MYR1.43 level – the highest level over the past 13 years, followed by MYR1.50 next resistance. Conversely, falling below the MYR1.17 support will cancel this expectation.

Source: RHB Securities Research - 13 Dec 2021

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