RHB Retail Research
Trading Stocks - Omesti
Omesti formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR0.61 level, with an exit set below the MYR0.575 threshold. Towards the upside, the immediate resistance is at the MYR0.70 mark, followed by the MYR0.75 level.
Source: RHB Securities Research - 21 Feb 2020
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