RHB Retail Research
Trading Stocks - Bermaz Auto
Bermaz Auto was testing the MYR2.23 level recently. A bullish bias may be present above this point with a target price of MYR2.32, followed by MYR2.50. The stock may take a breather if it cannot surpass the MYR2.23 mark in the coming sessions. Support may be found at MYR2.10, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 4 Feb 2019
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