RHB Retail Research
Technical Analysis - Classic Scenic
Classic Scenic
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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