RHB Retail Research
Trading Stocks - Comfort Gloves
Comfort Gloves may rebound further after it tested the MYR0.79 support recently. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. An upbeat bias may emerge above the MYR0.84 level, with an exit set below the MYR0.79 mark. Towards the upside, the immediate resistance is at the MYR0.935 level, followed by the MYR0.975 threshold.
Source: RHB Securities Research - 3 Apr 2020
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