RHB Retail Research: ATA IMS shows signs of resuming upward move

RHB Retail Research says ATA IMS Berhad is showing early signs of resuming its upward move following the latest two sessions’ positive price performance, which saw prices breach above the 21-day SMA line.

In a trading note, the research house says a positive bias may emerge above MYR1.25, with resistance levels eyed at MYR1.38 followed by MYR1.45.

A stop-loss can be placed below MYR1.25.

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