RHB Retail Research
Trading Stocks - Coastal Contracts
Coastal Contracts is set to propel towards the recent high as it climbed above the MYR1.12 nearest resistance on improved trading volume. If it manages to stay above this level, the bullish momentum may persist to propel it towards the MYR1.30 recent high before hitting its 52-week high level at MYR1.48. This expectation will be nullified if it falls below the MYR1.02 support level, ie below the 21-day average line.
Source: RHB Securities Research - 16 Dec 2021
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