RHB Retail Research
Technical Analysis - Magni-Tech Industries
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Magni-Tech Industries may rebound higher after it continued holding above the MYR4.40 support. The upward momentum would likely continue, since it has breached above the downtrend line drawn in the chart. A bullish bias may appear above the MYR4.80 level, with an exit set below the MYR4.40 threshold. To the upside, the near-term resistance is at MYR5.30. This is followed by the MYR5.80 level.
Source: RHB Securities Research - 7 Jun 2018
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