RHB Retail Research
Trading Stocks - EG Industries
EG Industries may rebound higher after it continued holding above the MYR0.445 support. Yesterday’s candle sent the stock to its 6-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.465 level, with an exit set below the MYR0.445 threshold. Towards the upside, the near-term resistance is at MYR0.51. This is followed by the MYR0.535 level.
Source: RHB Securities Research - 9 May 2019
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