RHB Retail Research
Trading Stocks - Bermaz Auto
Bermaz Auto extended its rebound in the latest session and in the process, it challenged the 30-day SMA line. This came after it tested the MYR2.27 support level multiple times recently. This suggests its retracement phase may have reached an interim low. Towards the upside, the resistance are expected at MYR2.48, followed by MYR2.64. A stop-loss can be placed below MYR2.27.
Source: RHB Securities Research - 17 Sept 2019
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