RHB Retail Research
Trading Stocks - Bintai Kinden
Bintai Kinden reacted positively after it came close to the MYR0.56 support level. It crossed above the 21-day SMA line on strong volume – suggesting it may be in the process of extending its 3-week sideways trading pattern. A positive bias may appear above MYR0.60, with resistance levels pegged at MYR0.70 and MYR0.745. A downside breach of MYR0.60 would negate this positive bias.
Source: RHB Securities Research - 26 Jan 2021
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