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RHB Retail Research

Author: rhboskres   |   Latest post: Wed, 19 Feb 2020, 4:44 PM

 

Trading Stocks - Press Metal Aluminium

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Press Metal Aluminium may trend higher after it formed a long white candle and breached above the MYR5 mark. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR5.05 level, with an exit set below the MYR4.80 threshold. Towards the upside, the immediate resistance is at the MYR5.40 mark. This is followed by the MYR5.70 level.

Source: RHB Securities Research - 16 Jan 2020

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