RHB Retail Research
Trading Stocks - Xin Hwa
Xin Hwa may rise higher after it recently recovered above the MYR0.80 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may appear above the MYR0.80 level, with an exit set below the MYR0.75 threshold. Towards the upside, the near-term resistance is at MYR0.90. This is followed by the MYR0.98 level.
Source: RHB Securities Research - 30 Jan 2019
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