RHB Retail Research
Technical Analysis - Matrix Concepts
Matrix Concepts may rebound higher after it continued holding above the MYR2.02 support. As the stock rose above the 21- day SMA line lately, this indicates a positive sign. A bullish bias may appear above the MYR2.07 level, with an exit set below the MYR2.02 threshold. Towards the upside, the near term resistance is at MYR2.14. This is followed by the MYR2.20 level.
Source: RHB Securities Research - 23 Aug 2018
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