Insas set continue uptrend momentum, says RHB Retail Research
KUALA LUMPUR (Nov 10): RHB Retail Research said Insas Bhd is set continue its uptrend momentum after breaking past the immediate resistance of RM1.09 on high trading volume yesterday – printing a “higher high” bullish structure.
In a trading stocks note today, the research house said if the stock manages to stay above that level, the bulls may drive the stock towards the immediate resistance of RM1.20, followed by RM1.30.
“Conversely, falling below the RM1.04 support level – forming a “lower low” pattern – will cancel this expectation,” it said.
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