RHB Retail Research

Trading Stocks - Bermaz Auto

rhboskres
Publish date: Tue, 25 Jun 2019, 11:01 AM
rhboskres
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RHB Retail Research

Bermaz Auto may climb higher after forming a white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR2.60 level, with an exit set below the MYR2.45 threshold. Towards the upside, the near-term resistance is at MYR2.80. This is followed by the MYR2.90 level.

Source: RHB Securities Research - 25 Jun 2019

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