RHB Retail Research
Trading Stocks - Handal Resources
Handal Resources may rebound further after it tested the MYR0.41 support in its latest session. Given that the stock has formed a “Bullish Engulfing” pattern on 3 Jul, this indicates a potential rebound. A bullish bias may appear above the MYR0.43 level, with an exit set below the MYR0.41 threshold. Towards the upside, the near-term resistance is at MYR0.465. This is followed by the MYR0.51 level.
Source: RHB Securities Research - 4 Jul 2019
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