RHB Retail Research
Trading Stocks - Revenue Group
Revenue Group may move higher after it tested the MYR1.58 support recently. As the stock has formed a “Hammer” pattern on 18 Jul, this indicates a potential rebound. A bullish bias may emerge above the MYR1.65 level, with an exit set below the MYR1.58 threshold. Towards the upside, the immediate resistance is at MYR1.75. This is followed by the MYR1.80 level.
Source: RHB Securities Research - 23 Jul 2019
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