RHB Retail Research
Technical Analysis - Muda
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Muda may rebound further after it tested the MYR1.73 support in recent trading sessions. As the stock marked a higher close vis-à-vis the previous sessions since 9 Aug, this indicates a positive sign. A bullish bias may appear above the MYR1.95 level, with an exit set below the MYR1.73 threshold. To the upside, the near-term resistance is at MYR2.22. This is followed by the MYR2.40 level.
Source: RHB Securities Research - 13 Aug 2018
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