Taliworks Corporation is set to resume its uptrend after experiencing a technical breakout above the MYR0.875 immediate resistance, supported by strong trading volume. If the breakout above this level sustains, the stock may trend higher towards the MYR0.96 mark, followed by the MYR1 threshold. However, a fall below the MYR0.835 support level would invalidate the bullish setup, as the stock would be trading below the 21-day SMA line.
Source: RHB Securities Research - 7 Feb 2024
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Created by rhbinvest | Dec 18, 2024