RHB Retail Research

Trading Stocks - Radiant Globaltech

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

Radiant Globaltech continued to trend higher after breaking above the MYR0.455 resistance last week and retracing mildly last Friday above the level. Since the “higher high” bullish pattern that formed early last week stayed intact, we expect the bulls to remain in control to lift the stock towards the MYR0.49 immediate resistance level, followed by MYR0.51 – its 52-week high. Conversely, falling below the immediate support of MYR0.44 may trigger the resumption of a downward correction – forming a “lower low” bearish pattern.

Source: RHB Securities Research - 21 Feb 2022

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