RHB Retail Research
Technical Analysis - Bermaz Auto
Bermaz Auto
Bermaz Auto was testing the MYR2.25 level in its latest session. A bullish bias may be present above this point with a target price of MYR2.33, followed by MYR2.40. The stock may take a breather if it cannot breach above the MYR2.25 threshold in the near term. Support may be found at MYR2.09, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 28 Aug 2018
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