RHB Retail Research
Trading Stocks - Salutica
Salutica is staging a rebound after attempting to break above its immediate resistance. Currently, the stock is trading above the 21-day SMA line, this indicates the bullish trend is maintained. If it manages to break above its immediate resistance of MYR0.59, a bullish bias may appear. The next resistance level is pegged at MYR0.62, followed by MYR0.66. Meanwhile, breaching below the MYR0.575 support would negate this expectation.
Source: RHB Securities Research - 13 Apr 2021
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