RHB Retail Research
Trading Stocks - Ipmuda
Ipmuda is set to resume its uptrend as it crossed above the consolidation phase of MYR1.85 yesterday – supported by improved trading volume. With that, bullish interest may head the stock towards the MYR2.00 mark, then the MYR2.16 resistance. Conversely, falling below the MYR1.76 support would negate this expectation – forming a “lower low” pattern.
Source: RHB Securities Research - 7 Jan 2022
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