RHB Retail Research

Technical Analysis - London Biscuits

rhboskres
Publish date: Thu, 13 Dec 2018, 04:52 PM
rhboskres
0 9,020
RHB Retail Research

London Biscuits may move higher after it tested the MYR0.59 support recently. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR0.62 level, with an exit set below the MYR0.59 threshold. Towards the upside, the near-term resistance is at MYR0.66. This is followed by the MYR0.695 level.

Source: RHB Securities Research - 13 Dec 2018

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 1 of 1 comments

thanaraj

I have been holding this share last 10 years and could not sell. Now that with announcement of bonus, I believe the share price will pick up. So hold on. Comments from other share holders and, in particular,from management/directors will be able to clear the air for me.

2018-12-19 10:52

Post a Comment