RHB Retail Research
Trading Stocks - Coastal Contracts
Coastal Contracts may rebound higher after it continued holding above the MYR1.00 support. The stock posted a white candle and left an upside gap yesterday, which is a positive. A bullish bias may appear above the MYR1.09 level, with an exit set below the MYR1.00 threshold. Towards the upside, the near-term resistance is at MYR1.23. This is followed by the MYR1.37 level.
Source: RHB Securities Research - 3 Apr 2019
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