RHB Retail Research
Trading Stocks - Malaysia Marine and Heavy Engineering
Malaysia Marine and Heavy Engineering may move higher after it recently breached above the MYR0.80 threshold. This upward momentum is likely to continue, given it has formed a third consecutive white candle. A bullish bias may emerge above the MYR0.81 level, with an exit set below the MYR0.73 threshold. Towards the upside, the immediate resistance is at MYR0.95. This is followed by the MYR1.00 level.
Source: RHB Securities Research - 15 Mar 2019
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