RHB Retail Research
Technical Analysis - Key Asic
Key Asic
Key Asic may rebound further after it tested the MYR0.135 support in its recent trades. The upward momentum would likely continue, as it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR0.16 level, with an exit set below the MYR0.135 threshold. To the upside, the near-term resistance is at MYR0.21. This is followed by the MYR0.25 level.
Source: RHB Securities Research - 6 Jun 2018
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