Possible for trend reversal. HPPHB is potentially staging a breakaway from its downtrend, with anticipation of continuous improvement in both momentum and trend in the near term. Should immediate resistance level of RM0.320 be broken with renewed buying interest, it may continue to lift price higher to subsequent resistance level of RM0.335.
However, failure to hold on to support level of RM0.285 may indicate weakness in the share price and hence, a cut-loss signal.
Source: PublicInvest Research - 1 Jun 2023
Created by PublicInvest | Sep 20, 2023