THERE could be more upside in store for N2N CONNECT BHD
(code: 0108) if it overcomes the immediate resistance line to indicate an end to the ongoing consolidation phase.
The 85-sen mark serves as a significant hurdle to the share price as it represents the high point of its performance prior to the Covid-19-induced slump.
During its recovery phase in the latter half of March through to early June, the stock managed to surpass the obstacle to hit a more recent high of 90.5 sen. Since then, the stock has come off the recent highs and meandered in range-bound trading.
However, there are indications on the daily price chart that the stock is once again making a move on renewed buying interest.
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