RHB Retail Research
Trading Stocks - RGT
RGT’s 1-week correction in the form of a retracement may have reached an end in the latest session, as the stock formed a white candle to cross above the 21-day SMA line. A positive bias may appear above MYR0.585, with subsequent resistance levels marked at MYR0.60 and MYR0.65. This bias would be cancelled if the MYR0.57 support is breached.
Source: RHB Securities Research - 26 Jan 2021
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