RHB Retail Research
Trading Stocks - Bermaz Auto
Bermaz Auto may rise higher after forming a white candle and hitting its new 52-week high. This upward momentum is likely to continue, given that it is the second consecutive white candle. A bullish bias may appear above the MYR2.45 level, with an exit set below the MYR2.37 threshold. Towards the upside, the near-term resistance is at MYR2.60. This is followed by the MYR2.70 level.
Source: RHB Securities Research - 17 Jun 2019
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