Hiap Teck Ventures is poised to travel higher after it broke past the key resistance. Observe that the stock has climbed above the MYR0.40 resistance with high volume and the bullish setup is confirmed. Riding on the strong momentum, it should test the next resistance pegged at MYR0.435, followed by MYR0.47. On the other hand, falling below the MYR0.365 support will kick off the correction phase.
Source: RHB Securities Research - 21 Aug 2023
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Created by rhbinvest | Oct 02, 2024