RHB Retail Research
Trading Stocks - Hong Leong Bank
Hong Leong Bank may rebound higher after it continued holding above the MYR14.86 support. As the stock rose above the 21-day SMA line, this implies a positive sign. A positive bias may emerge above the MYR15.40 level, with an exit set below the MYR14.86 threshold. Towards the upside, the immediate resistance is at the MYR16.34 mark, followed by the MYR17 level.
Source: RHB Securities Research - 4 Mar 2020
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