RHB Retail Research
Trading Stocks - Homeritz Corporation
Homeritz may rise higher after it formed a second consecutive long white candle. In view that the 21-day SMA line is likely to begin turning upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR0.72 level, with an exit set below the MYR0.665 threshold. Towards the upside, the immediate resistance is at the MYR0.80 level, followed by the MYR0.83 threshold.
Source: RHB Securities Research - 30 Oct 2019
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