RHB Retail Research

Technical Analysis - Bursa Malaysia

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Publish date: Mon, 10 Dec 2018, 09:10 AM
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RHB Retail Research

Bursa Malaysia has been trading above the MYR6.96 support level over past two weeks, suggesting its multi-week sharp retracement may have reached an interim low. A bullish bias may emerge above this level with the resistance level expected at MYR7.32, followed by MYR7.45. A stop-loss can be placed below MYR6.96.

Source: RHB Securities Research - 10 Dec 2018

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