RHB Retail Research
Technical Analysis - Revenue Group
Revenue Group may rise higher after it formed a second consecutive white candle. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR1.44 level, with an exit set below the MYR1.30 threshold. Towards the upside, the immediate resistance is at MYR1.60. This is followed by the MYR1.70 level.
Source: RHB Securities Research - 4 Dec 2018
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