RHB Retail Research
Technical Analysis - Favelle Favco
Favelle Favco
Favelle Favco may rise higher after it breached above the MYR2.60 threshold. This close has sent the stock to its highest close in more than three months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR2.60 level, with an exit set below the MYR2.52 threshold. To the upside, the immediate resistance is at MYR2.74. This is followed by the MYR2.83 level.
Source: RHB Securities Research - 18 Jun 2018
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