RHB Retail Research
Technical Analysis - Salcon
Salcon may move higher after it tested MYR0.22 support in recent sessions. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.255 level, with an exit set below the MYR0.22 threshold. Towards the upside, the near-term resistance is at MYR0.29. This is followed by the MYR0.32 level.
Source: RHB Securities Research - 8 Nov 2018
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