RHB Retail Research
Technical Analysis - Telekom Malaysia
Telekom Malaysia continued to extend its rebound after it tested the support of MYR2.21 in the prior session. This can be seen as a possible early sign that the stock’s near 3-week consolidation around the 30-day SMA line has reached an end. Towards the upside, the immediate resistance is eyed at MYR2.47, followed by MYR2.70. A stop-loss can be placed at below MYR2.21.
Source: RHB Securities Research - 29 Nov 2018
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