Allianz Malaysia may trend higher after it formed another white candle and leaving an upside gap. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR14 level, with an exit set below the MYR13.50 threshold. Towards the upside, the immediate resistance is at MYR15. This is followed by the MYR16 level.
Source: RHB Securities Research - 25 Feb 2019
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Created by rhboskres | Aug 26, 2024