RHB Retail Research

Trading Stocks - HPMT Holdings

Publish date: Mon, 21 Feb 2022, 08:53 AM
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RHB Retail Research

HPMT Holdings is poised to climb higher, as it attempted to break through the immediate resistance of MYR0.73, but retraced during the intraday session last Friday. If the bulls re-emerge and manage to break past that level, the positive momentum should propel the stock towards its all-time high level of MYR0.76, followed by MYR0.80. Conversely, falling below the MYR0.68 support will trigger selling pressure and reverse the momentum, thereby trending downwards below the 21-day average line.

Source: RHB Securities Research - 21 Feb 2022

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