RHB Retail Research
Trading Stocks - Rimbunan Sawit
Rimbunan Sawit has been undergoing a sideways consolidation below the MYR0.30 resistance over the past several sessions. An upside breach of this resistance would signal an extension of the rebound phase, with the subsequent resistance points eyed at MYR0.325 and MYR0.345. This expectation should stay provided the MYR0.285 support holds.
Source: RHB Securities Research - 16 Nov 2020
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