RHB Retail Research

Trading Stocks - MBM Resources

rhboskres
Publish date: Wed, 03 Apr 2019, 05:10 PM
rhboskres
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RHB Retail Research

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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