RHB Retail Research
Trading Stocks - Bermaz Auto
Bermaz Auto was testing the MYR2.45 level in its latest session. A bullish bias may be present above this point with a target price of MYR2.60, followed by MYR2.70. The stock may take a breather if it cannot breach above the MYR2.45 mark decisively in the coming sessions. Support may be found at MYR2.25, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 4 Apr 2019
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