RHB Retail Research
Technical Analysis - Chin Well
Chin Well formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.86 level, with an exit set below the MYR1.77 threshold. Towards the upside, the near-term resistance is at MYR2.00. This is followed by the MYR2.20 level.
Source: RHB Securities Research - 27 Sept 2018
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