RHB Retail Research
Technical Analysis - Handal Resources
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Handal Resources may climb higher after posting a long white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the rebound from 28 Jun’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR0.46 level, with an exit set below the MYR0.41 threshold. Towards the upside, the immediate resistance is at MYR0.55. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 17 Jul 2018
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