RHB Retail Research
Technical Analysis - Mycron Steel
Mycron Steel
Mycron Steel may trend higher after it formed a second consecutive white candle. Given that the 21-day SMA line has crossed above the 55-day SMA line recently, this indicates a positive sign. A bullish bias may appear above the MYR0.445 level, with an exit set below the MYR0.365 threshold. To the upside, the near-term resistance is at MYR0.555. This is followed by the MYR0.59 level.
Source: RHB Securities Research - 27 Jul 2018
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