Rohas Tecnic is firming up its uptrend rebound after inching higher above the MYR0.385 recent breakout level yesterday. The bullish momentum above that level may drive the stock higher towards the MYR0.415 immediate resistance, followed by the next resistance level at MYR0.46. However, if the price falls below the MYR0.35 support, it would signal the reversal of the trend.
Source: RHB Securities Research - 16 Feb 2024
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