RHB Retail Research says SIG Gases Berhad formed a white candle, breaching above the MYR0.46 resistance mark.
In a trading note, the research house says this, together with the rising 21-day SMA line, suggests that its rebound is being extended.
“Resistance points are at MYR0.49, followed by MYR0.52. A stop-loss can be set below MYR0.46,” it says.