RHB Retail Research
Trading Stocks - Rohas Tecnic
Rohas Tecnic’s buying momentum may have returned after it rose above the 21-day SMA line lately. Given that it has formed a white candle for the third consecutive day, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR0.57 level, with an exit set below the MYR0.50 threshold. Towards the upside, the immediate resistance is at MYR0.635. This is followed by the MYR0.67 level.
Source: RHB Securities Research - 26 Jul 2019
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