RHB Retail Research
Technical Analysis - Ranhill
Ranhill’s buying momentum may have returned after it rose above the 21-day SMA line. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR0.885 level, with an exit set below the MYR0.82 threshold. To the upside, the immediate resistance is at MYR0.94. This is followed by the MYR0.99 level.
Source: RHB Securities Research - 16 Oct 2018
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