RHB Retail Research

Technical Analysis - Borneo Aqua Harvest

rhboskres
Publish date: Fri, 06 Jul 2018, 05:13 PM
rhboskres
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RHB Retail Research

Borneo Aqua Harvest’s buying momentum may have returned after it rose above the 21-day SMA line. As the stock has recently breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may appear above the MYR1.20 level, with an exit set below the MYR1.14 threshold. Towards the upside, the near-term resistance is at MYR1.35. This is followed by the MYR1.45 level.

Source: RHB Securities Research - 6 Jul 2018

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