RHB Retail Research

Trading Stocks - Theta Edge

Publish date: Fri, 28 Jan 2022, 04:49 PM
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RHB Retail Research

Theta Edge is likely to continue its recent uptrend reversal as it crossed above the immediate resistance of MYR0.815 on improved volume yesterday – above the 21-day average line. The bullish bias above that level is expected to continue lifting the stock higher towards MYR0.88, followed by the recent high of MYR0.925. Conversely, falling below the MYR0.74 support would trigger selling pressure and reverse the momentum, thereby sparking a downtrend.

Source: RHB Securities Research - 28 Jan 2022

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