RHB Retail Research
Technical Analysis - Astro Malaysia
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Astro Malaysia’s buying momentum may have returned after it climbed above the 21-day SMA line recently. This close has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.68 level, with an exit set below the MYR1.54 threshold. Towards the upside, the near-term resistance is at MYR1.85. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 11 Jul 2018
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