RHB Retail Research
Trading Stocks - Revenue Group
Revenue Group may move higher after posting a long white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may appear above the MYR1.63 level, with an exit set below the MYR1.55 threshold. Towards the upside, the near-term resistance is at MYR1.75. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 11 Jul 2019
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