Hextar Global Bhd (HEXTAR, 5151)
- HEXTAR is poised for a potential bullish breakout from its six-month rectangular pattern, targetingto surpass the immediate resistance at RM0.79. As the 20-day EMA is starting to turn upward coupled with 11 consecutive white candles, a positive outlook can be expected here.
- In the event it breaks above the RM0.79 neckline, this will improve market sentiment and lift thestock towards the subsequent level of RM0.83 (R1) and to RM0.87 (R2).
- On the downside, stop-loss is set at RM0.72.
Source: Rakuten Research - 2 Jan 2024
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