RHB Retail Research
Trading Stocks - Salutica
Salutica may rebound further after it tested MYR0.575 support in its latest session. Yesterday’s white candle has engulfed the prior one to form a “Bullish Engulfing” pattern, implying a potential rebound. A positive bias may emerge above the MYR0.61 level, with an exit set below the MYR0.575 threshold. Towards the upside, the immediate resistance is at the MYR0.70 level. This is followed by the MYR0.80 mark.
Source: RHB Securities Research - 5 Sept 2019
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