RHB Retail Research
Technical Analysis - Lafarge Malaysia
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Lafarge Malaysia may rebound higher after it continued holding above the MYR2.92 support. 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 MYR3.30 level, with an exit set below the MYR2.92 threshold. Towards the upside, the near-term resistance is at MYR3.80. This is followed by the MYR4.50 level.
Source: RHB Securities Research - 20 Jul 2018
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