RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 9 Aug 2019, 4:47 PM


Technical Analysis - Malaysia Airports

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Malaysia Airports may trend higher after it formed another white candle and breached above the MYR9.45 threshold. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR9.45 level, with an exit set below the MYR8.60 threshold. Towards the upside, the immediate resistance is at MYR10.00. This is followed by the MYR10.50 level.

Source: RHB Securities Research - 3 Aug 2018

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