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RHB Retail Research

Author: rhboskres   |   Latest post: Fri, 29 Nov 2019, 6:38 PM

 

Trading Stocks - Press Metal Aluminium

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Press Metal Aluminium may rise higher after it formed a fourth consecutive white candle. The 21-day SMA line is now likely to turn upwards, suggesting additional strength may be present in the coming sessions. A bullish bias may emerge above the MYR4.46 level, with an exit set below the MYR4.20 threshold. Towards the upside, the immediate resistance is at MYR4.67. This is followed by the MYR4.85 level.

Source: RHB Securities Research - 15 Mar 2019

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Labels: PMETAL

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