RHB Retail Research
Trading Stocks - Nylex
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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