Prolexus set to reclaim its recent high, says RHB Retail Research

TheEdge Fri, Apr 08, 2022 07:29am - 4 months View Original


KUALA LUMPUR (April 8): RHB Retail Research said Prolexus Bhd is set to reclaim its recent high as it climbed above the 71 sen resistance on Thursday (April 7) on significant trading volume, printing a “White Marubozu” bullish candlestick.

In a trading stocks note on Friday, the research house said that with that momentum, the stock is expected to propel towards the recent high at 83.5 sen, followed by the 92 sen next resistance.

“However, the momentum may decline if it falls below the 64.5 sen support, which is below the 21-day average line,” it said.

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