RHB Retail Research
Technical Analysis - Salutica
Salutica
Salutica may rebound further after it tested MYR0.525 support in its recent trades. As the stock rose above the 21-day SMA line recently, this indicates a positive sign. A bullish bias may appear above the MYR0.565 level, with an exit set below the MYR0.525 threshold. To the upside, the near-term resistance is at MYR0.63. This is followed by the MYR0.66 level.
Source: RHB Securities Research - 20 Aug 2018
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