RHB Retail Research
Trading Stocks - Fajarbaru Builder Group
Fajarbaru Builder Group may trend higher after it climbed above the MYR0.40 mark. Yesterday’s candle can be viewed as a continuation of bulls extending the rebound from 1 Mar’s “Hammer” pattern. A bullish bias may emerge above the MYR0.40 level, with an exit set below the MYR0.365 threshold. Towards the upside, the immediate resistance is at MYR0.43. This is followed by the MYR0.47 level.
Source: RHB Securities Research - 12 Mar 2019
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