RHB Retail Research
Technical Analysis - MBM Resources
MBM Resources formed an “Upside Gap” in the latest session and attempted to breach the 30-day SMA line – suggesting its recent weeks’ weak price trend may have ended. A bullish bias may emerge above the MYR1.86 support, while exit points can be placed below this mark. Towards the upside, the immediate resistance is set at MYR2.07, followed by MYR2.21.
Source: RHB Securities Research - 26 Nov 2018
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