- Recently, the stock appears to be rebounding from the lower levels (around MYR4.00), currently trading at MYR4.19.
- The current rebound shows the price nearing the middle band (which typically represents the 20-period moving average).
- Support is observed around the MYR4.00 level, where the price has rebounded recently.
- Resistance is likely to be around MYR4.40 to MYR4.50, the region of the middle Bollinger Band and the moving average.
- Strong resistance is also seen at MYR5.20, the high from late July.
- The stock is currently in a recovery phase after a significant correction. A break above the 50-day moving average and the middle Bollinger Band could signal further upside potential. However, the low volume during this rebound suggests caution. Traders may want to wait for a confirmation of increased volume and a solid break above key resistance levels for a stronger bullish signal.
Trade ativo
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Aviso legal
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.