Ta Ann formed a long white candle, indicating that momentum of buying could be strong. This can be viewed as a continuation of the bulls extending the buying momentum from 25 Oct’s upside gap. A positive bias may emerge above the MYR2.46 level, with an exit set below the MYR2.35 threshold. Towards the upside, the immediate resistance is at the MYR2.64 mark. This is followed by the MYR2.72 level
Source: RHB Securities Research - 5 Nov 2019
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