Boilermech formed a long white candle, indicating that the momentum of buying could be strong. This upward momentum is likely to continue, given that it has posted a second consecutive white candle. A bullish bias may appear above the MYR0.68 level, with an exit set below the MYR0.625 threshold. Towards the upside, the near-term resistance is at MYR0.75. This is followed by the MYR0.80 level.
Source: RHB Securities Research - 31 Jul 2019
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Created by rhboskres | Aug 26, 2024