Insas is eyeing a resumption of its uptrend as it bounced off the immediate support to reclaiming a spot above the 21-day SMA line, while heading towards the MYR0.85 immediate resistance. If it breaches that point, the bullish bias should drive the stock towards the MYR0.90 resistance, followed by the psychological cap of MYR1. Towards the downside, falling below the MYR0.81 support will negate the bullish structure.
Source: RHB Securities Research - 30 May 2023
Created by rhbinvest | Sep 27, 2023
Created by rhbinvest | Sep 25, 2023