RHB Retail Research
Technical Analysis - MAHB
MAHB came close to testing both the 30-day SMA line and the resistance mark of MYR8.38 yesterday. A bullish bias may emerge above this point, as it would likely signal the resumption of the rebound that started from the “Hammer” formation on 5 Nov. Support may be found at MYR7.95, where traders can exit upon a breach. Towards the upside, subsequent resistance levels can be found at MYR8.68, followed by MYR9.17.
Source: RHB Securities Research - 14 Nov 2018
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