RHB Retail Research

Trading Stocks - Nestcon

rhboskres
Publish date: Fri, 11 Feb 2022, 08:43 AM
rhboskres
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RHB Retail Research

Nestcon is poised to jump further as it inched higher while attempting to breach the immediate resistance of MYR0.51 yesterday – printing a neutral “Doji” candlestick. If a breakout above that level happens, we expect the stock to rise further towards MYR0.55 – a new high, followed by MYR0.60. In the event it drops below the support point of MYR0.48, the stock may resume its downtrend, beneath the 21-day average line.

Source: RHB Securities Research - 11 Feb 2022

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