HSS Engineers is set to propel higher after bouncing off the 21- day SMA line and surpassing the MYR0.89 immediate resistance yesterday. The bullish bias above that level may see the stock’s price climb higher towards the MYR0.95 mark, or its recent high, followed by the MYR1 threshold. Towards the downside, a breach below the MYR0.83 support will negate the bullish setup, forming a “lower low” bearish pattern beneath the SMA line.
Source: RHB Securities Research - 26 Oct 2023
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Created by rhbinvest | Sep 27, 2024