RHB Retail Research
Technical Analysis - Karex
Karex
Karex was testing the MYR0.85 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.925, followed by MYR1.03. The stock may turn sideways if it cannot surpass the MYR0.85 threshold decisively in the coming sessions. Support may be found at MYR0.75, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 3 Jul 2018
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