RHB Retail Research
Technical Analysis - Mexter Technology
Mexter Technology may rise higher after it breached above the MYR0.40 threshold. Given that the 21-day SMA line has successfully crossed above the 55-day SMA line recently, this indicates that the buying momentum may accelerate. A bullish bias may emerge above the MYR0.40 level, with an exit set below the MYR0.35 threshold. Towards the upside, the immediate resistance is at MYR0.45. This is followed by the MYR0.50 level.
Source: RHB Securities Research - 6 Sept 2018
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