RHB Retail Research
Trading Stocks - Success Transformer Corp
Success Transformer Corp may climb higher after it breached above the MYR0.94 threshold. Given that it has formed a long white candle above the 21-day SMA line, this means the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.94 level, with an exit set below the MYR0.81 threshold. Towards the upside, the immediate resistance is at the MYR1.03 level. This is followed by the MYR1.12 mark.
Source: RHB Securities Research - 12 Sept 2019
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