RHB Retail Research
Trading Stocks - Sarawak Oil Palms
Sarawak Oil Palms may move higher after posting a white candle and hitting its new 52-week high. With the 21-day SMA line edging upwards, this implies a positive outlook. A positive bias may emerge above the MYR3.44 level, with an exit set below the MYR3.10 threshold. Towards the upside, the immediate resistance is at the MYR4.00 mark. This is followed by the MYR4.50 level.
Source: RHB Securities Research - 12 Dec 2019
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