RHB Retail Research
Technical Analysis - Ideal United Bintang International
Ideal United Bintang may move higher after it continued holding above the MYR1.02 support. As the stock marked a higher close vis-à-vis the previous session, this has enhanced the buying momentum. A bullish bias may appear above the MYR1.02 level, with an exit set below the MYR1.02 threshold. Towards the upside, the near-term resistance is at MYR1.22. This is followed by the MYR1.38 level.
Source: RHB Securities Research - 12 Dec 2018
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