RHB Retail Research
Technical Analysis - Southern Steel
Southern Steel may rebound further after it tested MYR1.12 support in recent sessions. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR1.20 level, with an exit set below the MYR1.12 threshold. Towards the upside, the near-term resistance is at MYR1.36. This is followed by the MYR1.46 level.
Source: RHB Securities Research - 19 Oct 2018
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