RHB Retail Research

Technical Analysis - Salutica

rhboskres
Publish date: Fri, 21 Sep 2018, 04:58 PM
rhboskres
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RHB Retail Research

Salutica may rebound higher after it continued holding above the MYR0.525 support. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR0.57 level, with an exit set below the MYR0.525 threshold. Towards the upside, the near-term resistance is at MYR0.675. This is followed by the MYR0.725 level.

Source: RHB Securities Research - 21 Sept 2018

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