Bermaz Auto is looking to extend its upside movement after staging a bullish breakout. The stock managed to climb above the MYR2.50 resistance level with a long bullish candlestick. The latest price action has confirmed that a bullish technical setup is in play. Riding on the renewed momentum, the stock should travel towards MYR2.60, followed by MYR2.70. If it falls below the MYR2.40 support level, the bullish setup will be invalidated.
Source: RHB Securities Research - 30 Aug 2024
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BAUTOCreated by rhbinvest | Dec 20, 2024
Created by rhbinvest | Dec 20, 2024
Created by rhbinvest | Dec 20, 2024