RHB Retail Research
Trading Stocks - Malaysia Steel Works (KL)
Malaysia Steel Works was testing the MYR0.50 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.56, followed by MYR0.61. The stock may take a breather if it cannot breach above the MYR0.50 threshold in the near term. Support may be found at MYR0.40, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 11 Mar 2019
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