SkyWorld Development is set to rebound from its recent corrections after surpassing the MYR0.62 immediate resistance level yesterday. The bullish bias above this level should drive the stock higher towards the MYR0.66 resistance level, followed by MYR0.70. However, a fall below the MYR0.60 support level would reverse the momentum, as it would form a “lower low” bearish structure.
Source: RHB Securities Research - 3 May 2024
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Created by rhbinvest | Nov 07, 2024