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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 move higher after hitting its highest close in nearly four months. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may appear above the MYR4.68 level, with an exit set below the MYR4.40 threshold. Towards the upside, the near-term resistance is at MYR5.00. This is followed by the MYR5.16 level.

Source: RHB Securities Research - 29 Apr 2019

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Labels: PMETAL

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