Bank Rakyat Unsp/adr B saw some selling pressure today and moved down -3.71% It looks like BKRKY may be interacting with a slightly angled resistance line. This area could represent a pivot point. We can also take into account momentum, Bank Rakyat Unsp/adr B has been a pretty poor performer over the last year and hasn't done much better over the last three months either. Over the past year, investors in the asset have lost -31.35 percent of their money, well any that are still holding have. More will probably sell into any strength to mitigate risk.
If the price breaks through the resistance level it will probably move up to the $9.596 where it may meet further resistance. We aren't seeing very clear support levels down beneath this point, so it might have room to gap down lower if price is rejected from here.
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