RHB Retail Research
Technical Analysis - Mitrajaya
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Mitrajaya’s buying momentum may have returned after it rose above the 21-day SMA line. The upside move may persist after it breached above the downtrend line drawn in the chart. A bullish bias may emerge above the MYR0.485 level, with an exit set below the MYR0.445 threshold. Towards the upside, the immediate resistance is at MYR0.54. This is followed by the MYR0.61 level.
Source: RHB Securities Research - 29 Jun 2018
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