RHB Retail Research
Technology Analysis - EG Industries
EG Industries
EG Industries may rebound higher after it continued holding above the MYR0.465 support. The stock has posted another white candle and leaving an upside gap, this indicates a positive sign. A bullish bias may emerge above the MYR0.49 level, with an exit set below the MYR0.465 threshold. Towards the upside, the immediate resistance is at MYR0.53. This is followed by the MYR0.56 level.
Source: RHB Securities Research - 10 Jul 2018
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