Insas set continue uptrend momentum, says RHB Retail Research

TheEdge Wed, Nov 10, 2021 07:18am - 2 years View Original


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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