KUALA LUMPUR (July 29): RHB Retail Research said Shin Yang Group Bhd’s (KL:SYGROUP) uptrend may be extended after it breached the resistance on strong volume.
In a trading stocks note on Monday, the research house said the counter rose above the 90-sen resistance to form a fresh “higher high” bullish candlestick.
“Trading volume has been increasing, and its price implies that the momentum is bullish.
“This may propel it towards the next resistance of 97 sen, followed by RM1.05.
“Conversely, falling below the 82-sen support will open the door to a correction,” it said.
* Credit news article from:https://theedgemalaysia.com/node/720672