RHB Retail Research
Technical Analysis - ViTrox Corporation
ViTrox Corporation may rebound further after it tested MYR7.60 support in its latest session. Given that the stock has formed a “Hammer” pattern on 10 Oct, this indicates a potential rebound. A bullish bias may appear above the MYR7.60 level, with an exit set below the MYR7.60 threshold. Towards the upside, the near-term resistance is at MYR8.52. This is followed by the MYR9.00 level.
Source: RHB Securities Research - 11 Oct 2018
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