RHB Retail Research
Trading Stocks - Sarawak Plantation
Sarawak Plantation climbed higher to test the resistance level at MYR1.95. Notice that trading volume has been rising since 30 Sep, indicating increased demand for the underlying shares. If it trades above the resistance of MYR1.95, the next possible level will be MYR2.05, followed by MYR2.15. Meanwhile, a downside breach of the MYR1.86 support should cancel this expectation.
Source: RHB Securities Research - 13 Oct 2020
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