RHB Retail Research
Trading Stocks - BAT
BAT formed a second consecutive white candle in the latest session to close slightly above the 30-day SMA line. This came after it tested the MYR18.34 support recently – suggesting a possible rebound. A positive bias may emerge above MYR20, with a stop-loss below MYR18.34. Resistance is expected at MYR23, followed by MYR26.
Source: RHB Securities Research - 17 Sept 2019
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