RHB Retail Research
Technical Analysis - A-Rank
A-Rank formed a long white candle, indicating that the momentum of buying could be strong. This can be viewed as a continuation of the bulls extending the buying momentum from 27 Sep’s upside gap. A bullish bias may appear above the MYR0.86 level, with an exit set below the MYR0.80 threshold. Towards the upside, the near-term resistance is at MYR0.96. This is followed by the MYR1.05 level.
Source: RHB Securities Research - 5 Oct 2018
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