RHB Retail Research: Karex white candle indicates positive bias

RHB Retail Research says Karex Berhad formed a white candle to cross above the MYR0.535 resistance, likely marking the end of the recent sessions’ correction phase.

In a trading note, the research house says a positive bias may emerge above MYR0.535 with resistance levels eyed at MYR0.56 and MYR0.595.

“A stop-loss can be placed below MYR0.53,” it says.

Previous articleApplying a resilient ‘Voucher Code’ to the retail industry of tomorrow
Next articleBerjaya Sompo Insurance introduces new interim claim payment initiative


Please enter your comment!
Please enter your name here