RHB Retail Research
Trading Stocks - Homeritz Corporation
Homeritz may climb higher after forming a white candle for a second consecutive day. In view that the 21-day SMA line is likely to begin turning upward, this also suggests a likelihood of increased demand in the near term. A bullish bias may appear above the MYR0.70 level, with an exit set below the MYR0.66 threshold. Towards the upside, the near-term resistance is at MYR0.775. This is followed by the MYR0.80 level.
Source: RHB Securities Research - 18 Jul 2019
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