RHB Retail Research
Technical Analysis - Vitrox Corporation
ViTrox Corporation may climb higher after posting a long white candle and hitting its new 52-week high. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR7.30 level, with an exit set below the MYR6.80 threshold. To the upside, the immediate resistance is at MYR8.00. This is followed by the MYR8.50 level.
Source: RHB Securities Research - 15 Aug 2018
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