RHB Retail Research
Trading Stocks - Thong Guan
Thong Guan formed a white candle and tested the immediate resistance of MYR2.58 in the latest session. A firm breakout from this level would signal the extension of an upward move. Its 30-day SMA line, which continued to edge higher, is also indicating a positive trend. Subsequent resistances are expected at MYRR2.70, followed by MYR2.90. A stop-loss can be placed below MYR2.47.
Source: RHB Securities Research - 26 Sept 2019
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