RHB Retail Research
Trading Stocks - Ranhill Utilities
Ranhill Utilities’ bottom building process has likely completed and the possibility is high that it is in the early stages of extending its upward move. A positive bias is expected above MYR0.84 with resistance levels marked at MYR0.915 and MYR0.98. A downside breach of MYR0.84 would cancel this expectation.
Source: RHB Securities Research - 11 Mar 2021
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