RHB Retail Research

Trading Stocks - Ranhill

rhboskres
Publish date: Wed, 10 Apr 2019, 05:42 PM
rhboskres
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RHB Retail Research

Ranhill may trend higher after it formed a third consecutive white candle yesterday. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A bullish bias may emerge above the MYR1.43 level, with an exit set below the MYR1.32 threshold. Towards the upside, the immediate resistance is at MYR1.51. This is followed by the MYR1.60 level.

Source: RHB Securities Research - 10 Apr 2019

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