RHB Retail Research
Trading Stocks - Revenue Group
Revenue Group’s upside move may persist after it continued holding above the 21-day SMA line. Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 26 Nov’s “Hammer” pattern. A positive bias may emerge above the MYR1.79 level, with an exit set below the MYR1.73 threshold. Towards the upside, the immediate resistance is at the MYR1.90 level, followed by the MYR2.00 threshold.
Source: RHB Securities Research - 3 Dec 2019
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