RHB Retail Research
Technical Analysis - ViTrox Corporation
ViTrox Corporation
ViTrox Corporation may rise higher after it formed a long white candle and breached above the MYR6.60 threshold. Yesterday’s white candle can be regarded as a continuation of the upward momentum that started off 24 Jul’s upside gap. A bullish bias may appear above the MYR6.60 level, with an exit set below the MYR6.20 threshold. To the upside, the near term resistance is at MYR7.50. This is followed by the MYR8.00 level.
Source: RHB Securities Research - 9 Aug 2018
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