YX Precious Metals is attempting to move higher after testing the MYR0.29 immediate resistance on strong volume yesterday. If a breakout above that level occurs, the stock is likely to trend higher towards the MYR0.31 resistance, followed by the MYR0.35 mark. Conversely, a decline below the MYR0.265 support signals a reversal of the positive trend, as the counter's share price will trade below the SMA line and form a “lower low” bearish pattern.
Source: RHB Securities Research - 24 Oct 2023
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Created by rhbinvest | Sep 27, 2024