RHB Retail Research
Technical Analysis - Taliworks Corporation
Taliworks continued to extend its rebound in the latest session after testing the MYR0.81 support in the prior session – indicating a positive follow-through. Premised on this, the stock may also have re-started its uptrend. The fact that it is trading above the 30-day SMA line also points to a positive bias. Towards the upside, immediate resistance is set at MYR0.90, followed by MYR1.00. An exit can be placed below MYR0.81.
Source: RHB Securities Research - 28 Nov 2018
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