RHB Retail Research
Trading Stocks - London Biscuits
London Biscuits may climb higher after posting a long white candle and hitting its new 52-week high. This can be viewed as a continuation of the bulls extending the buying momentum from 18 Jan’s upside gap. A bullish bias may emerge above the MYR0.575 level, with an exit set below the MYR0.545 threshold. Towards the upside, the immediate resistance is at MYR0.63. This is followed by the MYR0.65 level.
Source: RHB Securities Research - 31 Jan 2019
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