RHB Retail Research

Trading Stocks - Samaiden Group

Publish date: Fri, 04 Feb 2022, 09:55 AM
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RHB Retail Research

Samaiden Group is set to propel as it surpassed the immediate resistance of MYR1.27 yesterday – coupled with strong volume amid a “higher high” bullish pattern. If it stays above that level, the bulls may continue towards the MYR1.39 resistance, followed by the next resistance of MYR1.51. However, the momentum may lose steam if it falls below the MYR1.23 support, as it may form a “lower low” bearish pattern.

Source: RHB Securities Research - 3 Feb 2022

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