RHB Retail Research
Technical Analysis - Allianz Malaysia
Allianz Malaysia may rebound further after it continued holding above the MYR12.60 support. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR13.10 level, with an exit set below the MYR12.60 threshold. Towards the upside, the near-term resistance is at MYR13.80. This is followed by the MYR14.70 level.
Source: RHB Securities Research - 9 Oct 2018
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