RHB Retail Research
Technical Analysis - Bermaz Auto
Bermaz Auto has been testing the MYR2.16 level recently. A bullish bias may be present above this point, with a target price of MYR2.25, followed by MYR2.30. The stock may drift sideways if it cannot surpass the MYR2.16 threshold in the coming sessions. Support may be found at MYR2.05, where traders can exit upon a breach to limit downside risk.
Source: RHB Securities Research - 11 Dec 2018
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