RHB Retail Research
Trading Stocks - Salutica
Salutica formed a white candle to cross above both the 21- day SMA and the 3-month downtrend lines – indicating that a rebound is likely to take place. A positive bias may emerge above MYR0.49, with resistance levels pegged at MYR0.535 and MYR0.565. A stop-loss below MYR0.49 is recommended.
Source: RHB Securities Research - 29 Jul 2020
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