RHB Retail Research
Technical Analysis - Press Metal Aluminium
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Press Metal Aluminium may rise higher after it tested the MYR14.12 support recently. Given that it has formed a positive candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR4.12 level, with an exit set below the MYR4.12 threshold. To the upside, the near-term resistance is at MYR4.63. This is followed by the MYR5 level.
Source: RHB Securities Research - 2 Jul 2018
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