Press Metal Aluminium may move higher after hitting its highest close in nearly four months. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may appear above the MYR4.68 level, with an exit set below the MYR4.40 threshold. Towards the upside, the near-term resistance is at MYR5.00. This is followed by the MYR5.16 level.
Source: RHB Securities Research - 29 Apr 2019
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Created by rhboskres | Aug 26, 2024