RHB Retail Research

Trading Stocks - Duopharma Biotech

rhboskres
Publish date: Fri, 22 Mar 2019, 04:57 PM
rhboskres
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RHB Retail Research

Duopharma Biotech may trend higher after it formed a long white candle and breached above the MYR1.17 threshold. This upward momentum is likely to continue, given that it has formed a fourth consecutive white candle. A bullish bias may appear above the MYR1.17 level, with an exit set below the MYR1.08 mark. Towards the upside, the near-term resistance is at MYR1.26. This is followed by the MYR1.32 level.

Source: RHB Securities Research - 22 Mar 2019

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