RHB Retail Research

Trading Stocks - Coastal Contracts

rhboskres
Publish date: Wed, 11 Dec 2019, 06:01 PM
rhboskres
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RHB Retail Research

Coastal Contracts was testing the MYR1.29 level in its latest session. A bullish bias may be present above this point, with a target price of MYR1.45, followed by MYR1.55. The stock may take a breather if it cannot breach above the MYR1.29 mark decisively in the coming sessions. Support may be found at MYR1.22, where traders can exit upon a breach to limit the downside risk.

Source: RHB Securities Research - 11 Dec 2019

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