RHB Retail Research
Trading Stocks - Sanbumi
Sanbumi formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s close has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.38 level, with an exit set below the MYR0.32 threshold. Towards the upside, the near-term resistance is at MYR0.45. This is followed by the MYR0.50 level.
Source: RHB Securities Research - 8 Jan 2019
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