RHB Retail Research
Trading Stocks - Comfort Gloves
Comfort Gloves’ buying momentum may have returned after it rose above the 21-day SMA line. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A positive bias may emerge above the MYR0.87 level, with an exit set below the MYR0.825 point. Towards the upside, the immediate resistance is at the MYR0.94 level, followed by the MYR1.01 threshold.
Source: RHB Securities Research - 5 Mar 2020
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