RHB Retail Research
Trading Stocks - NWP Holdings
NWP Holdings is in the process of consolidating sideways following a recent uptrend reversal. If it manages to rebound and surpass the MYR0.26 immediate resistance, the bulls could drive the stock towards the next resistance of MYR0.29, followed by MYR0.33. However, the momentum may wane if it falls below the MYR0.235 support, ie below the 21-day average line.
Source: RHB Securities Research - 7 Jan 2022
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