RHB Retail Research
Trading Stocks - AppAsia
AppAsia was testing the MYR0.24 level in recent trades. A bullish bias may be present above this point with a target price of MYR0.27, followed by MYR0.31. The stock may turn sideways if it cannot breach above the MYR0.24 level decisively in the coming sessions. Support may be found at MYR0.19, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 1 Aug 2018
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