RHB Retail Research
Technical Analysis - Fajarbaru Builder Group
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Fajarbaru Builder Group may rebound further after it tested MYR0.44 support in its recent trades. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.44 level, with an exit set below the MYR0.44 threshold. Towards the upside, the near-term resistance is at MYR0.55. This is followed by the MYR0.635 level.
Source: RHB Securities Research - 31 Jul 2018
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