RHB Retail Research
Trading Stocks - Mitrajaya
Mitrajaya may climb higher after posting a white candle and leaving an upside gap. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook sentiment. A positive bias may emerge above the MYR0.37 level, with an exit set below the MYR0.34 threshold. Towards the upside, the immediate resistance is at the MYR0.40 level. This is followed by the MYR0.44 level.
Source: RHB Securities Research - 8 Jul 2019
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