RHB Retail Research
Technical Analysis - ATA IMS
ATA IMS was testing the MYR1.63 level in recent trades. A bullish bias may be present above this point with a target price of MYR1.73, followed by MYR1.85. The stock may consolidate further if it cannot breach above the MYR1.63 threshold decisively in the near term. Support may be found at MYR1.50, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 27 Sept 2018
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