RHB Retail Research
Trading Stocks - Revenue Group
Revenue Group may rise higher after it formed a second 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 appear above the MYR1.30 level, with an exit set below the MYR1.20 threshold. Towards the upside, the near-term resistance is at MYR1.41. This is followed by the MYR1.51 level.
Source: RHB Securities Research - 17 Apr 2019
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