RHB Retail Research

Trading Stocks - Spring Art

Publish date: Thu, 10 Feb 2022, 10:33 AM
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RHB Retail Research

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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