RHB Retail Research
Trading Stocks - Bermaz Auto
Bermaz Auto was testing the MYR2.12 level its latest session. A bullish bias may be present above this point, with a target price of MYR2.18, followed by MYR2.23. The stock may consolidate further if it cannot decisively breach above the MYR2.12 mark in the near term. Support may be found at MYR2.02, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 8 Jan 2020
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