RHB Retail Research
Trading Stocks - Salutica
Salutica is in the process of consolidating sideways after undergoing a mild retracement recently – above the 21-day average line. If it manages to breach above the MYR0.68 immediate resistance, an uptrend reversal may be resumed and accelerate towards the next resistance of MYR0.725, followed by MYR0.765 – its 52-week high. However, falling below the MYR0.64 support may trigger a downtrend.
Source: RHB Securities Research - 29 Sept 2021
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