RHB Retail Research
Trading Stocks - Fraser & Neave
Fraser & Neave was testing the MYR32.00 level in its latest session. A bullish bias may be present above this point, with a target price of MYR33.70, followed by MYR34.80. The stock may take a breather if it cannot breach above the MYR32.00 mark in the near term. Support may be found at MYR29.30, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 10 Mar 2020
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