RHB Retail Research
Technical Analysis - Southern Steel
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Southern Steel may move higher after it continued holding above the MYR1.64 support. Yesterday’s candle sent the stock to its 2-month high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.75 level, with an exit set below the MYR1.64 level. Towards the upside, the near-term resistance is at MYR1.93. This is followed by the MYR2.07 level.
Source: RHB Securities Research - 31 Jul 2018
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