RHB Retail Research
Technical Analysis - Press Metal Aluminium
Press Metal Aluminium may rise higher after it formed another white candle and breached above the MYR5.00 threshold. This close has sent the stock to its highest close in more than five months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR5.00 level, with an exit set below the MYR4.57 threshold. Towards the upside, the immediate resistance is at MYR5.45. This is followed by the MYR5.80 level.
Source: RHB Securities Research - 5 Oct 2018
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