RHB Retail Research
Technical Analysis - Malaysia Steel Works (KL)
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Malaysia Steel Works was testing the MYR0.835 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.94, followed by MYR1.01. The stock may take a breather if it cannot breach the MYR0.835 threshold in the near term. Support may be found at MYR0.69, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 13 Aug 2018
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