RHB Retail Research
Trading Stocks - MBM Resources
MBM Resources may rise higher after it breached above the MYR2.80 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook. A bullish bias may emerge above the MYR2.80 level, with an exit set below the MYR2.66 threshold. Towards the upside, the immediate resistance is at MYR3.00. This is followed by the MYR3.30 level.
Source: RHB Securities Research - 3 Apr 2019
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