Nott Invest
MAYBULK - Correction end?
Nott_Invest
Publish date: Mon, 19 Jul 2021, 10:51 AM
Sector: Transportation and Logistic
Another counter that was let down by the record high covid cases reported in Malaysia, MAYBULK was not able to sustain and fall below its previous support at RM0.715. MAYBULK is currently trading at its immediate support at RM0.670 and immediate resistance at RM0.715. Both EMA25 and EMA50 are trending downwards, which indicate that MAYBULK is turning weak in short term. Investor who is interested in this counter should trade with a TIGHT CUT LOSS.
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