RHB Retail Research
Trading Stocks - Nestcon
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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