RHB Retail Research
Trading Stocks - Malaysia Smelting Corporation
Malaysia Smelting Corp formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.94 level, with an exit set below the MYR0.88 threshold. Towards the upside, the immediate resistance is at MYR1.05. This is followed by the MYR1.10 level.
Source: RHB Securities Research - 9 Apr 2019
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