RHB Investment Research Reports
Trading Stocks - Mycron Steel
rhbinvest
Publish date: Thu, 28 Apr 2022, 10:11 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
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All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
Mycron Steel is set to resume its upward movement, as it rebounded strongly from a recent pullback, surpassing the MYR0.685 resistance, ie Monday’s high. If the momentum persists, the stock is expected to hit the recent peak of MYR0.75, followed by the MYR0.80 mark. However, the positive momentum may dissipate if it falls below the MYR0.625 support level as it could form a “lower low” bearish pattern.
Source: RHB Securities Research - 28 Apr 2022
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