RHB Retail Research
Trading Stocks - Malaysia Airports
Malaysia Airports formed an “Upside Gap” and decisively crossed above the 21-day SMA line on strong volume. This indicates its steep retracement may have reached an end and that a rebound is developing. A positive bias may appear above MYR4.80 with resistance points set at MYR5.45 and MYR6.00. A downside breach of MYR4.80 would cancel this positive expectation.
Source: RHB Securities Research - 11 Nov 2020
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