RHB Retail Research
Technical Analysis - Ajiya
Ajiya formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its highest close in more than eight months, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.61 level, with an exit set below the MYR0.57 threshold. Towards the upside, the near-term resistance is at MYR0.66. This is followed by the MYR0.69 level.
Source: RHB Securities Research - 8 Oct 2018
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