RHB Retail Research
Trading Stocks - Revenue Group
Revenue Group’s upside move may persist after it continued holding above the rising 21-day SMA line. As the stock has recently recorded a new 52-week high, the positive sentiment has been enhanced. A positive bias may emerge above the MYR1.36 level, with an exit set below the MYR1.25 threshold. Towards the upside, the immediate resistance is at MYR1.50. This is followed by the MYR1.60 level.
Source: RHB Securities Research - 2 Jan 2020
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