RHB Retail Research
Trading Stocks - Dancomech
Dancomech was testing the MYR0.655 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.70, followed by MYR0.77. The stock may drift sideways if it cannot close above the MYR0.655 threshold in the coming sessions. Support may be found at MYR0.585, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 2 Apr 2019
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