RHB Retail Research
Technical Analysis - EG Industries
EG Industries may rebound further after it tested the MYR0.475 support in recent sessions. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.49 level, with an exit set below the MYR0.475 threshold. Towards the upside, the near-term resistance is at MYR0.525. This is followed by the MYR0.55 level.
Source: RHB Securities Research - 25 Oct 2018
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