RHB Retail Research
Technical Analysis - Bermaz Auto
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Bermaz Auto may trend higher after it formed another white candle and breached above the MYR2.30 threshold. As the stock marked a higher close vis-à-vis the previous sessions since 6 Jun, this indicates a positive sign. A bullish bias may emerge above the MYR2.30 level, with an exit set below the MYR2.22 threshold. To the upside, the immediate resistance is at MYR2.40. This is followed by the MYR2.47 level.
Source: RHB Securities Research - 13 Jun 2018
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