RHB Retail Research
Trading Stocks - Muda
Muda may move higher after it continued to hold above the MYR1.55 support. Given that it has formed a long white candle and rose above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.61 level, with an exit set below the MYR1.55 threshold. Towards the upside, the immediate resistance is at the MYR1.71 level. This is followed by the MYR1.76 threshold.
Source: RHB Securities Research - 26 Aug 2019
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