RHB Retail Research
Technical Analysis - Genting Plantations
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Genting Plantations may rebound further after it tested the MYR9.17 support in its recent trades. As the stock formed a “Hammer” pattern on 13 Jun, this indicates a potential rebound. A bullish bias may appear above the MYR9.17 level, with an exit set below the MYR9.17 threshold. Towards the upside, the near-term resistance is at MYR9.88. This is followed by the MYR10.28 level.
Source: RHB Securities Research - 19 Jun 2018
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