RHB Retail Research
Trading Stocks - Allianz Malaysia
Allianz Malaysia may trend higher after it formed a long white candle and breached above the MYR15 mark. This candle has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR15 level, with an exit set below the MYR14.54 threshold. Towards the upside, the immediate resistance is at the MYR16 mark. This is followed by the MYR17 level.
Source: RHB Securities Research - 23 Dec 2019
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