RHB Retail Research
Technical Analysis - ViTrox
ViTrox
ViTrox may climb higher after posting a white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this suggests a likelihood of increasing demand in the near term. A bullish bias may emerge above the MYR7.80 level, with an exit set below the MYR7.34 threshold. Towards the upside, the immediate resistance is at MYR8.50. This is followed by the MYR9.00 level.
Source: RHB Securities Research - 12 Sept 2018
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