RHB Retail Research
Trading Stocks - Salutica
Salutica may climb higher after posting another white candle and leaving an upside gap. Given that yesterday’s long white candle has recovered above the 21-day SMA line, indicating a positive sign. A positive bias may emerge above the MYR0.74 level, with an exit set below the MYR0.66 threshold. Towards the upside, the immediate resistance is at MYR0.88. This is followed by the MYR0.98 level.
Source: RHB Securities Research - 18 Dec 2019
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