RHB Retail Research
Trading Stocks - Spring Art
Spring Art is resuming its upside movment after breaking past the immediate resistance of MYR0.335 on higher trading volume. With the renewed momentum, the stock has completed it sideways consolidation and is poised to trend upwards further. It may climb towards the next resistance of MYR0.37, followed by MYR0.415. That said, falling below the MYR0.30 support would point to a false breakout.
Source: RHB Securities Research - 10 Feb 2022
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