RHB Retail Research
Technical Analysis - Three-A Resources Bhd
Three-A Resources breached above both the MYR0.80 resistance mark and the 30-day SMA line in the latest session. This suggests its two-week consolidation phase may have ended, and it is likely to resume a rebound. Towards the upside, the subsequent resistance levels are expected to show up at MYR0.90, and followed by MYR1.00. For risk management purposes, a stop-loss can be placed at below MYR0.795, which is the latest session’s low.
Source: RHB Securities Research - 30 Nov 2018
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