RHB Retail Research
Technical Analysis - Hong Leong Bank
Hong Leong Bank
Hong Leong Bank may climb higher after posting another white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR20.00 level, with an exit set below the MYR18.88 threshold. Towards the upside, the near-term resistance is at MYR21.00. This is followed by the MYR22.00 level.
Source: RHB Securities Research - 29 Aug 2018
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