RHB Retail Research
Trading Stocks - Salutica
Salutica formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s candle sent the stock to its 8-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.525 level, with an exit set below the MYR0.48 threshold. Towards the upside, the immediate resistance is at the MYR0.60 level. This is followed by the MYR0.64 level.
Source: RHB Securities Research - 23 Aug 2019
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