RHB Retail Research
Trading Stocks - Revenue Group
Revenue Group’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s white candle can be regarded as a continuation of the rebound that started off 29 Jan’s “Hammer” pattern. A bullish bias may appear above the MYR1.25 level, with an exit set below the MYR1.07 threshold. Towards the upside, the near-term resistance is at MYR1.35. This is followed by the MYR1.45 level.
Source: RHB Securities Research - 13 Feb 2019
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