Favelle Favco may climb higher after posting another white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this implies a bullish outlook. A positive bias may emerge above the MYR2.85 level, with an exit set below the MYR2.78 threshold. Towards the upside, the immediate resistance is at the MYR3.10 mark. This is followed by the MYR3.30 level. RCE Capital may move higher after it continued holding above the MYR1.62 support. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR1.69 level, with an exit set below the MYR1.62 threshold. Towards the upside, the immediate resistance is at the MYR1.90 mark. This is followed by the MYR2.00 level

Source: RHB Securities Research - 15 Nov 2019