RHB Retail Research
Technical Analysis - Fraser & Neave
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Fraser & Neave was testing the MYR39 level in its latest session. A bullish bias may be present above this point with a target price of MYR41, followed by MYR42. The stock may consolidate further if it cannot surpass the MYR39 threshold in the near term. Support may be found at MYR36, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 25 Jun 2018
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