RHB Retail Research
Technical Analysis - BCM Alliance
BCM Alliance
BCM Alliance was testing the MYR0.20 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.22, followed by MYR0.235. The stock may take a breather if it cannot breach above the MYR0.20 threshold decisively in the near term. Support may be found at MYR0.175, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 7 Aug 2018
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