RHB Retail Research
Technical Analysis - Homeritz Corporation
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Homeritz’s buying momentum may have returned after it recently rose above the 21-day SMA line. Last Friday’s close sent the stock to its highest close in over three months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.66 level, with an exit set below the MYR0.61 threshold. To the upside, the immediate resistance is at MYR0.73. This is followed by the MYR0.78 level.
Source: RHB Securities Research - 23 Jul 2018
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