RHB Retail Research
Technical Analysis - Comfort Gloves
Comfort Gloves may rise higher after it formed a second consecutive white candle. Last Friday’s candle can be viewed as a continuation of the bulls extending the rebound from 11 Oct’s “Hammer” pattern. A bullish bias may emerge above the MYR0.88 level, with an exit set below the MYR0.83 threshold. Towards the upside, the immediate resistance is at MYR0.945. This is followed by the MYR0.99 level.
Source: RHB Securities Research - 22 Oct 2018
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