RHB Retail Research

Technical Analysis - Reach Energy

rhboskres
Publish date: Thu, 18 Oct 2018, 05:11 PM
rhboskres
0 9,021
RHB Retail Research

Reach Energy may rebound higher after it continued holding above the MYR0.40 support. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.435 level, with an exit set below the MYR0.40 threshold. Towards the upside, the near-term resistance is at MYR0.51. This is followed by the MYR0.54 level.

Source: RHB Securities Research - 18 Oct 2018

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment