RHB Retail Research
Trading Stocks - Naim
Naim formed a long white candle, indicating that the momentum of buying could be strong. This upward momentum is likely to continue, given that it has formed a second consecutive white candle. A positive bias may emerge above the MYR0.925 level, with an exit set below the MYR0.80 threshold. Towards the upside, the immediate resistance is at the MYR1.03 level. This is followed by the MYR1.12 level.
Source: RHB Securities Research - 19 Aug 2019
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