RHB Retail Research
Trading Stocks - BIMB
BIMB may trend higher after it recently climbed above the MYR4.00 threshold. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR4.00 level, with an exit set below the MYR3.75 threshold. Towards the upside, the immediate resistance is at MYR4.20. This is followed by the MYR4.50 level.
Source: RHB Securities Research - 14 Feb 2019
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