RHB Retail Research
Technical Analysis - Press Metal Aluminium
Press Metal Aluminium
Press Metal Aluminium’s buying momentum may have returned after it rose above the 21-day SMA line. With this line edging upwards, this also implies an outlook sentiment that is positive. A bullish bias may emerge above the MYR4.80 level, with an exit set below the MYR4.61 threshold. To the upside, the immediate resistance is at MYR5.04. This is followed by the MYR5.26 level.
Source: RHB Securities Research - 28 Aug 2018
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