RHB Retail Research
Trading Stocks - Gabungan AQRS
Gabungan AQRS may rebound further after it tested the MYR1.21 support recently. Given that the stock has formed a “Piercing Line” pattern on 6 Aug, this indicates a potential rebound. A positive bias may emerge above the MYR1.30 level, with an exit set below the MYR1.21 threshold. Towards the upside, the immediate resistance is at the MYR1.44 level. This is followed by the MYR1.54 level.
Source: RHB Securities Research - 8 Aug 2019
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