RHB Retail Research
Technical Analysis - EG Industries
EG Industries
EG Industries may move higher after it continued holding above the MYR0.465 support. As the stock has formed a “Hammer” pattern on 30 May, this indicates a potential rebound. A bullish bias may appear above the MYR0.50 level, with an exit set below the MYR0.465 threshold. Towards the upside, the near-term resistance is at MYR0.55. This is followed by the MYR0.58 level.
Source: RHB Securities Research - 11 Jun 2018
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