RHB Retail Research
Trading Stocks - RCE Capital
RCE Capital was holding below the MYR1.45 level lately. If a breakout emerges, a bullish bias may be present above this point, with a target price of MYR1.56, followed by MYR1.64. The stock may turn sideways if it cannot breach above the MYR1.45 mark in the near term. Support may be found at MYR1.22, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 19 Mar 2020
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