RHB Retail Research
Technical Analysis - London Biscuits
London Biscuits may move higher after it tested the MYR0.59 support recently. Given that it has formed a long white candle above the rising 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR0.62 level, with an exit set below the MYR0.59 threshold. Towards the upside, the near-term resistance is at MYR0.66. This is followed by the MYR0.695 level.
Source: RHB Securities Research - 13 Dec 2018
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2018-12-19 10:52