RHB Retail Research
Technical Analysis - Comfort Gloves
Comfort Gloves formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its highest close in more than a month, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR0.945 level, with an exit set below the MYR0.875 threshold. Towards the upside, the near-term resistance is at MYR1.04. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 22 Nov 2018
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