RHB Retail Research
Technical Analysis - Dancomech
Dancomech was testing the MYR0.48 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.515, followed by MYR0.54. The stock may drift sideways if it cannot surpass the MYR0.48 mark in the coming sessions. Support may be found at MYR0.435, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 27 Aug 2018
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