RHB Retail Research

Technical Analysis - NTPM

rhboskres
Publish date: Mon, 08 Oct 2018, 09:05 AM
rhboskres
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RHB Retail Research

NTPM may rebound further after it tested the MYR0.525 support in recent sessions. Given that the stock has breached above the downtrend line drawn in the chart, this indicates a positive sign. A bullish bias may appear above the MYR0.55 level, with an exit set below the MYR0.525 threshold. Towards the upside, the near-term resistance is at MYR0.58. This is followed by the MYR0.595 level. Inta Bina Group may rebound higher after it continued holding above the MYR0.31 support. Last Friday’s long white candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.335 level, with an exit set below the MYR0.31 threshold. Towards the upside, the near-term resistance is at MYR0.37. This is followed by the MYR0.40 level

Source: RHB Securities Research - 8 Oct 2018

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