RHB Retail Research: Caely attempting to breach above resistance

RHB Retail Research says Caely Holdings Berhad was seen attempting to breach above the MYR0.385 resistance in the latest session.

In a trading note, the research house says an upside breach of this level can be seen as a price rebound continuation, following its recent “Long White Candle”.

“A positive bias may emerge above this point with resistance eyed at MYR0.40 followed by MYR0.44,” it says.

A stop-loss can be placed below MYR0.375.

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