RHB Retail Research
Trading Stocks - Damansara Realty
Damansara Realty’s buying momentum may have returned after it rose above the 21-day SMA line. Yesterday’s white candle can be viewed as the bulls extending the rebound from 8 Aug’s “Bullish Engulfing” pattern. A positive bias may emerge above the MYR0.425 level, with an exit set below the MYR0.38 threshold. Towards the upside, the immediate resistance is at the MYR0.49 level. This is followed by the MYR0.535 level.
Source: RHB Securities Research - 16 Aug 2019
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