RHB Retail Research
Technical Analysis - Reach Energy
Reach Energy may climb higher after posting another white candle and leaving an upside gap. This close has sent the stock to its highest close in more than seven months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.38 level, with an exit set below the MYR0.345 threshold. Towards the upside, the immediate resistance is at MYR0.435. This is followed by the MYR0.465 level.
Source: RHB Securities Research - 20 Sept 2018
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