Naim Holdings is set for an uptrend reversal after it reclaimed above the MYR0.81 critical resistance level yesterday – amid trading above the rising 21-day SMA line.
RHB Retail Research Market Dateline said today (Dec 28) if the breakout is sustained, the stock will likely advance towards the MYR0.885 resistance, followed by the next resistance at MYR0.975, or the 52-week high.
Conversely, a drop below the MYR0.76 support would invalidate the bullish setup, falling below the SMA line.
Minox International Group is set to eyeing for an uptrend reversal after bouncing off the 21-day SMA line, testing the MYR0.295 immediate resistance level yesterday.
If a breakout happens, the stock may rebound strongly towards the MYR0.335 resistance, followed by the all-time high of MYR0.385.
On the flip side, a drop below the MYR0.265 support would indicate a potential downtrend, beneath the SMA line.
