RHB Retail Research
Technical Analysis - Hong Leong Financial Group
Hong Leong Financial Group
Hong Leong Financial Group may move higher after it tested MYR18.40 support in its latest session. Given that it has formed a long white candle above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR19.00 level, with an exit set below the MYR18.40 threshold. Towards the upside, the near-term resistance is at MYR20.00. This is followed by the MYR21.00 level.
Source: RHB Securities Research - 30 Aug 2018
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