RHB Retail Research
Trading Stocks - Ranhill
Ranhill may trend higher after it formed a long white candle and breached above the MYR1.36 threshold. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may appear above the MYR1.36 level, with an exit set below the MYR1.26 threshold. Towards the upside, the near-term resistance is at MYR1.45. This is followed by the MYR1.50 level.
Source: RHB Securities Research - 9 Aug 2019
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