RHB Retail Research
Trading Stocks - Insas
Insas may climb higher after forming a long white candle and hitting its highest close in more than eight months. In view that the 21-day SMA line will likely begin turning upwards, this is an indication of a positive sign. A positive bias may emerge above the MYR0.845 level, with an exit set below the MYR0.80 threshold. Towards the upside, the immediate resistance is at MYR0.90. This is followed by the MYR0.95 level.
Source: RHB Securities Research - 25 Oct 2019
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