AME Elite Consortium may rise higher after it formed a long white candle and breached above the MYR1.70 threshold. As it has recorded a new 52-week high, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.70 level, with an exit set below the MYR1.63 threshold. Towards the upside, the immediate resistance is at the MYR1.90 level, followed by the MYR2.00 threshold.
Source: RHB Securities Research - 5 Nov 2019
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Created by rhboskres | Aug 26, 2024