RHB Retail Research
Technical Analysis - MISC
MISC may climb higher after hitting its highest close in more than two weeks. Yesterday’s white candle can be viewed as the bulls extending the rebound from 19 Oct’s “Bullish Engulfing” pattern. A bullish bias may emerge above the MYR5.83 level, with an exit set below the MYR5.50 threshold. Towards the upside, the immediate resistance is at MYR6.20. This is followed by the MYR6.40 level.
Source: RHB Securities Research - 25 Oct 2018
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