SALUTICA BERHAD Stock Code: 0183
Above: Salute daily chart (click to enlarge view)
SALUTE has experienced a flag- - formation breakout above the RM1.35 level with improved volumes. The MACD Histogram has extended another green bar, while the RSI remains above 50. Price may rally, targeting the RM1.42- - RM1.50 levels. Support will be set around the RM1.30 level.
source: Malacca Securities Research – 29/12/2017
