RHB Retail Research
Trading Stocks - Deleum
Deleum may move higher after it continued holding above the MYR0.92 support. As the stock recently rose above the 21- day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.03 level, with an exit set below the MYR0.92 threshold. Towards the upside, the near-term resistance is at MYR1.14. This is followed by the MYR1.20 level.
Source: RHB Securities Research - 17 Jan 2019
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