RHB Retail Research
Technical Analysis - Press Metal Aluminium
Press Metal Aluminium may rebound higher after it continued holding above the MYR4.72 support. Given that it formed a positive candle for the third consecutive day, the positive sentiment has been enhanced. A bullish bias may appear above the MYR4.85 level, with an exit set below the MYR4.72 threshold. Towards the upside, the near-term resistance is at MYR5.16. This is followed by the MYR5.45 level.
Source: RHB Securities Research - 19 Oct 2018
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