Telekom Malaysia may climb higher after it breached above the MYR4.50 threshold. Yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR4.50 level, with an exit set below the MYR4.20 threshold. Towards the upside, the near-term resistance is at MYR4.76. This is followed by the MYR5.00 level.
Source: RHB Securities Research - 23 Jul 2019
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