RHB Retail Research
Trading Stocks - Salutica
Salutica may climb higher after posting a long white candle and hitting its highest close in more than 10 months. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.55 level, with an exit set below the MYR0.50 threshold. Towards the upside, the immediate resistance is at the MYR0.64 level. This is followed by the MYR0.70 threshold.
Source: RHB Securities Research - 27 Aug 2019
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