RHB Retail Research
Trading Stocks - Bina Puri
Bina Puri may trend higher after it formed a long white candle and breached above the MYR0.22 threshold. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR0.22 level, with an exit set below the MYR0.20 threshold. Towards the upside, the immediate resistance is at MYR0.255. This is followed by the MYR0.275 level.
Source: RHB Securities Research - 9 Jan 2019
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