Bursa Malaysia Bhd (1818)

• Bursa gained 1 sen to close at RM6.46 yesterday.
• Following our technical report dated 31 May 2019, share price has gained 42 sen or 6.95%. Technically speaking, Bursa had recently attempted to break its downtrend channel to test the RM6.50 resistance level but pulled back with lower volume amid a mini consolidation.
• We expect share price to continue to recover to retest resistance levels at RM6.55 (R1) and possibly to RM6.72 (R2).
• On the flipside, support levels are identified at RM6.21 (S1) and RM5.92 (S2).

Source: Rakuten Research - 11 Jun 2019