RHB Retail Research

Technical Analysis - RCE Capital

rhboskres
Publish date: Tue, 05 Jun 2018, 09:32 AM
rhboskres
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RHB Retail Research

RCE Capital

RCE Capital formed a long white candle yesterday, indicating that the momentum of buying could be strong. Given that the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may appear above the MYR1.42 level, with an exit set below the MYR1.22 threshold. Towards the upside, the near-term resistance is at MYR1.60. This is followed by the MYR1.70 level.

Source: RHB Securities Research - 5 Jun 2018

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