RHB Retail Research
Technical Analysis - Ta Ann
Ta Ann may rebound further after it tested MYR2.56 support in recent trades. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR2.68 level, with an exit set below the MYR2.56 threshold. Towards the upside, the near-term resistance is at MYR2.90. This is followed by the MYR3.00 level.
Source: RHB Securities Research - 3 Sept 2018
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