RHB Retail Research
Technical Analysis - Deleum
Deleum may climb higher after forming a long white candle and leaving an upside gap. This has sent the stock to its highest close in more than two months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.03 level, with an exit set below the MYR0.93 threshold. Towards the upside, the near-term resistance is at MYR1.14. This is followed by the MYR1.20 level.
Source: RHB Securities Research - 24 Aug 2018
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