Ramssol is poised to extend its upward movement after undergoing a bullish breakout.
RHB Retail Research (RHB) in a note today (July 20) said the stock has climbed above the MYR0.75 resistance, thereby confirming a bullish setup.
Meanwhile, the 21-day SMA line is rounding upwards, which indicates that the short-term trend is a bullish one.
Riding on the renewed momentum, the stock may hit the next resistance of MYR0.80, followed by the MYR0.84.
Meanwhile, falling below the MYR0.705 support will negate the bullish setup.
Shin Yang's uptrend may be extended after it breached the resistance on strong volume.
The counter rose above the MYR0.90 resistance to form a fresh "higher high" bullish candlestick.
Trading volume has been increasing, and its price implies that the momentum is bullish.
This may propel it towards the next resistance of MYR0.97, followed by MYR1.05.
Conversely, falling below the MYR0.82 support will open the door to a correction.
コメント(0)
報告理由