RHB Retail Research
Trading Stocks - Hengyuan
Hengyuan formed a white candle after it tested the MYR4.29 support recently – suggesting the possibility for a rebound to develop after a sharp multi-month decline. A positive bias may emerge above MYR4.29 with the resistance levels eyed at MYR4.65, followed by MYR4.90. A stop-loss can be placed below MYR4.29.
Source: RHB Securities Research - 17 Sept 2019
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