RHB Retail Research
Trading Stocks - Ideal United Bintang International
Ideal United Bintang International was testing the MYR1.40 level in the latest session. A bullish bias may be present above this point, with a target price of MYR1.50, followed by MYR1.60. The stock may take a breather if it cannot decisively breach above the MYR1.40 mark in the coming sessions. Support may be found at MYR1.24, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 29 Aug 2019
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