RHB Retail Research

Trading Stocks - Hextar Global

Publish date: Fri, 04 Feb 2022, 09:56 AM
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RHB Retail Research

Hextar Global is set to chart a new high as it broke above the historical high of MYR1.70 yesterday on strong volume – printing a “White Marubozu” candlestick. If the breakout above that level sustains, we expect the stock to print another new high level at MYR1.90, followed by the MYR2.00 psychological level. In the event it drops below the MYR1.62 support, the stock may resume its downtrend, forming a “lower low” bearish pattern.

Source: RHB Securities Research - 4 Feb 2022

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