RHB Retail Research
Trading Stocks - Ranhill
Ranhill may move higher after it continued holding above the MYR1.22 support. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR1.30 level, with an exit set below the MYR1.22 threshold. Towards the upside, the near-term resistance is at MYR1.44. This is followed by the MYR1.51 level.
Source: RHB Securities Research - 26 Mar 2019
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