RHB Retail Research
Technical Analysis - Salutica
Salutica
Salutica formed a long white candle yesterday, indicating that momentum of buying could be strong. Given that the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may emerge above the MYR0.57 level, with an exit set below the MYR0.455 level. Towards the upside, the immediate resistance is at MYR0.69. This is followed by the MYR0.77 level.
Source: RHB Securities Research - 26 Jun 2018
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