RHB Retail Research
Technical Analysis - British American Tobacco (Malaysia)
British American Tobacco (Malaysia)
British American Tobacco was testing the MYR34.30 level in its recent trades. A bullish bias may be present above this point with a target price of MYR36.80, followed by MYR40.00. The stock may consolidate further if it cannot breach above the MYR34.30 threshold in the near term. Support may be found at MYR30.72, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 5 Jun 2018
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