RHB Retail Research
Trading Stocks - Karex
Karex formed a long white candle, indicating that momentum of buying could be strong. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR0.55 level, with an exit set below the MYR0.525 threshold. Towards the upside, the immediate resistance is at the MYR0.635 mark. This is followed by the MYR0.70 level.
Source: RHB Securities Research - 27 Dec 2019
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