RHB Retail Research
Technical Analysis - Reach Energy
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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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