RHB Retail Research
Trading Stocks -Caring Pharmacy Group
Caring Pharmacy’s buying momentum may have returned after it rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has formed a second consecutive white candle. A positive bias may emerge above the MYR1.97 level, with an exit set below the MYR1.89 threshold. Towards the upside, the immediate resistance is at the MYR2.13 level. This is followed by the MYR2.20 level.
Source: RHB Securities Research - 13 Aug 2019
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