RHB Retail Research
Trading Stocks - Mitrajaya
Mitrajaya may rebound further after it tested the MYR0.225 support recently. As the stock rose above the 21-day SMA line, this is a positive sign. A bullish bias may appear above the MYR0.265 level, with an exit set below the MYR0.225 threshold. Towards the upside, the near-term resistance is at MYR0.32. This is followed by the MYR0.355 level.
Source: RHB Securities Research - 4 Jan 2019
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