RHB Retail Research: Salutica shows positive signal

RHB Retail Research says Salutica Berhad formed a white candle yesterday, pushing above the 21-day SMA line.

In a trading note, the research house says an upside breach of the MYR0.57 resistance can be regarded as a positive signal, with the subsequent resistance points pegged at MYR0.59, followed by MYR0.62.

“A stop-loss can be placed below MYR0.55,” it says.

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