RHB Retail Research

Technical Analysis - Karex

rhboskres
Publish date: Mon, 18 Jun 2018, 11:13 AM
rhboskres
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RHB Retail Research

Karex

Karex may move higher after it continued holding above the MYR0.50 support. Last Thursday’s white candle sent the stock to its 3-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.68 level, with an exit set below the MYR0.50 threshold. Towards the upside, the near-term resistance is at MYR0.83. This is followed by the MYR0.925 level.

Source: RHB Securities Research - 18 Jun 2018

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