RHB Retail Research
Technical Analysis - Handal Resources
Handal Resources
Handal Resources may climb higher after posting another white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR0.38 level, with an exit set below the MYR0.34 level. Towards the upside, the immediate resistance is at MYR0.45. This is followed by the MYR0.50 level.
Source: RHB Securities Research - 8 Jun 2018
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