RHB Retail Research
Technical Analysis - MAA Group
MAA Group formed a long white candle, indicating that the momentum of buying could be strong. As the stock recently rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.45 level, with an exit set below the MYR0.40 threshold. Towards the upside, the near-term resistance is at MYR0.515. This is followed by the MYR0.55 level.
Source: RHB Securities Research - 24 Dec 2018
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