RHB Retail Research
Trading Stocks - Handal Resources
Handal Resources’ buying momentum may have returned after it recently rose above the 21-day SMA line. This close has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.41 level, with an exit set below the MYR0.34 threshold. To the upside, the immediate resistance is at MYR0.475. This is followed by the MYR0.535 level.
Source: RHB Securities Research - 3 Oct 2018
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