RHB Retail Research
Trading Stocks - Rohas Tecnic
Rohas Tecnic broke above the MYR0.345 resistance in the latest session. This likely means the rebound off the 21-day SMA line, which was retested on 11 Nov, will be extending. A positive bias is expected to emerge above MYR0.345 with resistance points pegged at MYR0.365 and MYR0.395. A downside breach of MYR0.365 would nullify this expectation.
Source: RHB Securities Research - 20 Nov 2020
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