Rohas Tecnic may rebound further after it tested the MYR0.69 support in recent sessions. Yesterday’s candle sent the stock to its 11-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR0.725 level, with an exit set below the MYR0.69 threshold. Towards the upside, the immediate resistance is at the MYR0.825 mark. This is followed by the MYR0.885 level.
Source: RHB Securities Research - 19 Nov 2019
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Created by rhboskres | Aug 26, 2024