EG Industries may rebound higher after it continued holding above the MYR0.50 support. As the stock climbed above the 21-day SMA line recently, this indicates a positive sign. A bullish bias may appear above the MYR0.53 level, with an exit set below the MYR0.50 threshold. Towards the upside, the near-term resistance is at MYR0.575. This is followed by the MYR0.615 level.
Source: RHB Securities Research - 28 Sept 2018
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Created by rhboskres | Aug 26, 2024