Hiap Teck Venture is set for a rebound as it surpassed the MYR0.33 immediate resistance yesterday on strong trading volume, supported by the rising 21-day SMA line. The stock is expected to propel towards the MYR0.365 YTD high, followed by the MYR0.40 next resistance. Towards the downside, falling below the MYR0.30 support sets the stage for a downtrend.
Source: RHB Securities Research - 26 Jul 2023
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Created by rhbinvest | Oct 02, 2024