Classic Scenic may rebound further after it tested the MYR1.41 support lately. 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 MYR1.50 level, with an exit set below the MYR1.41 threshold. Towards the upside, the near-term resistance is at MYR1.63. This is followed by the MYR1.70 level.
Source: RHB Securities Research - 27 Jul 2018
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Created by rhboskres | Aug 26, 2024