RHB Retail Research
Trading Stocks - Coastal Contracts
Coastal Contracts’ buying momentum may have returned after it rose above the 21-day SMA line. As the stock marked a higher close vis-à-vis the previous sessions since 2 Dec, this indicates a positive sign. A positive bias may emerge above the MYR1.24 level, with an exit set below the MYR1.16 threshold. Towards the upside, the immediate resistance is at MYR1.37. This is followed by the MYR1.45 level
Source: RHB Securities Research - 5 Dec 2019
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