Hua Yang’s uptrend will likely continue after it reached a five-year high yesterday. A purchase can be made above the broken RM1.75 resistance level, while a close below the two-week low of RM1.18 can be employed as a stop-loss. The price target is RM2.00, with selling also anticipated at RM1.87. A close back below RM1.75 may signal a false breakout, while weakness will be confirmed on a close below RM1.65. Strong support lies at RM1.55.
Source: OSK
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