RHB Retail Research
Trading Stocks - Salutica
Salutica was testing the MYR0.865 threshold in recent sessions. A bullish bias may be present above this point, with a target price of MYR0.92, followed by MYR0.985. The stock may consolidate further if it cannot breach above the MYR0.865 threshold in the coming sessions. Support may be found at MYR0.795, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 15 Nov 2019
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