RHB Retail Research
Trading Stocks - Ideal United Bintang International
Ideal United Bintang may rise higher after it breached above the MYR1.30 threshold. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR1.30 level, with an exit set below the MYR1.20 threshold. Towards the upside, the near-term resistance is at MYR1.44. This is followed by the MYR1.50 level.
Source: RHB Securities Research - 25 Feb 2019
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