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RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 8 Nov 2019, 5:16 PM

 

Technical Analysis - Hong Leong Financial Group

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Hong Leong Financial Group may move higher after it continued holding above the MYR17.40 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR18 level, with an exit set below the MYR17.40 threshold. Towards the upside, the near-term resistance is at MYR19. This is followed by the MYR20 level.

Source: RHB Securities Research - 16 Jul 2018

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