RHB Retail Research
Trading Stocks - KUB Malaysia
KUB Malaysia’s buying momentum may have returned after it rose above the 21-day SMA line lately. Yesterday’s candle sent the stock to its 10-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.375 level, with an exit set below the MYR0.34 threshold. Towards the upside, the near-term resistance is at MYR0.41. This is followed by the MYR0.45 level.
Source: RHB Securities Research - 19 Jul 2019
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