RHB Retail Research
Trading Stocks - NTPM
NTPM may trend higher after it formed a long white candle and breached above the MYR0.50 mark. This candle has sent the stock to its highest point in more than 10 months, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.50 level, with an exit set below the MYR0.465 threshold. Towards the upside, the immediate resistance is at the MYR0.54 mark. This is followed by the MYR0.575 level.
Source: RHB Securities Research - 22 Oct 2019
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