RHB Retail Research
Trading Stocks - ViTrox Corporation
ViTrox may rebound higher after it continued holding above the MYR7.50 support. Given that the stock has formed a “Hammer” pattern on 9 Mar, this indicates a potential rebound. A positive bias may emerge above the MYR7.80 level, with an exit set below the MYR7.50 point. Towards the upside, the immediate resistance is at the MYR8.60 level, followed by the MYR8.95 threshold.
Source: RHB Securities Research - 11 Mar 2020
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