RHB Retail Research

Technical Analysis - Reach Energy

rhboskres
Publish date: Wed, 04 Jul 2018, 05:21 PM
rhboskres
0 9,021
RHB Retail Research

Reach Energy may rebound higher after it continued holding above the MYR0.245 support. As the stock rose above the 21- day SMA line recently, this has enhanced the buying momentum. A bullish bias may appear above the MYR0.265 level, with an exit set below the MYR0.245 threshold. Towards the upside, the near-term resistance is at MYR0.305. This is followed by the MYR0.33 level.

Source: RHB Securities Research - 4 Jul 2018

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