RHB Retail Research
Trading Stocks - Ranhill
Ranhill formed a long white candle, indicating that the buying momentum could be strong. Yesterday’s candle sent the stock to its 1.5-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.03 level, with an exit set below the MYR0.97 threshold. Towards the upside, the immediate resistance is at the MYR1.15 mark. This is followed by the MYR1.24 level.
Source: RHB Securities Research - 5 Mar 2020
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