RHB Retail Research
Trading Stocks - Karex
Karex may move higher after it continued holding above the MYR0.465 support. Yesterday’s white candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.515 level, with an exit set below the MYR0.465 threshold. Towards the upside, the near-term resistance is at MYR0.585. This is followed by the MYR0.62 level.
Source: RHB Securities Research - 18 Jun 2019
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