RHB Retail Research
Trading Stocks - Coastal Contracts
Coastal Contracts may trend higher after it formed a long white candle and breached above the MYR1.00 mark. This upward momentum is likely to continue, given that it has formed a second consecutive white candle. A positive bias may emerge above the MYR1.00 level, with an exit set below the MYR0.90 threshold. Towards the upside, the immediate resistance is at the MYR1.13 mark. This is followed by the MYR1.22 threshold.
Source: RHB Securities Research - 18 Oct 2019
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