RHB Retail Research
Trading Stocks: Focus Lumber
Focus Lumber’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s candle can be viewed as a continuation of the bulls extending the buying momentum from 7 Feb’s upside gap. A positive bias may appear above the MYR1.74 level, with an exit set below the MYR1.65 threshold. Towards the upside, the near-term resistance is at MYR1.90. This is followed by the MYR2.00 level.
Source: RHB Securities Research - 28 Feb 2019
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
