RHB Retail Research
Trading Stocks - Caely Holdings
Caely was seen attempting to breach above the MYR0.385 resistance in the latest session. An upside breach of this level can be seen as a price rebound continuation, following its recent “Long White Candle”. A positive bias may emerge above this point with resistance eyed at MYR0.40 followed by MYR0.44. A stop-loss can be placed below MYR0.375.
Source: RHB Securities Research - 15 Jul 2020
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