RHB Retail Research
Trading Stocks - Resintech
Resintech is prepared to propel higher after it gapped up yesterday above the previous day’s high and moved past the MYR0.785 immediate resistance yesterday. If the breakout sustains above that level, the bullish momentum should continue towards the MYR0.90 resistance, followed by the MYR1.05 historical high. Conversely, falling below the MYR0.73 support will cancel this expectation.
Source: RHB Securities Research - 17 Dec 2021
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