RHB Retail Research

Trading Stocks - Telekom Malaysia

rhboskres
Publish date: Fri, 21 Jun 2019, 05:09 PM
rhboskres
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RHB Retail Research

Telekom Malaysia may trend higher after it formed another white candle and breached above the MYR4.00 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR3.95 level, with an exit set below the MYR3.70 threshold. Towards the upside, the near-term resistance is at MYR4.50. This is followed by the MYR5.00 level.

Source: RHB Securities Research - 21 Jun 2019

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