RHB Retail Research
Trading Stocks - Techbond Group
Techbond Group may climb higher after posting a white candle and hitting its highest close in nearly 10 months. As the 21-day SMA line is likely to turn higher, it would appear that the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.92 level, with an exit set below the MYR0.895 threshold. Towards the upside, the immediate resistance is at MYR1.00. This is followed by the MYR1.10 level
Source: RHB Securities Research - 12 Dec 2019
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