RHB Retail Research
Trading Stocks - Bursa Malaysia
Bursa Malaysia is set to trend northwards further, as it surpassed the immediate resistance of MYR7.80 yesterday – following the recent “White Marubozu” candlestick. Hence, the bullish momentum above that level is expected to follow through towards the MYR8.20 resistance, followed by MYR8.50. Meanwhile, if it falls beneath the MYR7.66 support, the momentum may dissipate.
Source: RHB Securities Research - 15 Oct 2021
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