RHB Retail Research
Trading Stocks - Hua Yang
Hua Yang’s buying momentum may have returned as it climbed above the rising 21-day SMA line. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A bullish bias may emerge above the MYR0.34 level, with an exit set below the MYR0.30 threshold. Towards the upside, the immediate resistance is at MYR0.375. This is followed by the MYR0.40 level.
Source: RHB Securities Research - 10 Jun 2019
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