RHB Retail Research
Trading Stocks - Hengyuan Refining Company
Hengyuan Refining Company may rebound further after it tested MYR5.77 support recently. Given that it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A bullish bias may emerge above the MYR5.96 level, with an exit set below the MYR5.77 threshold. Towards the upside, the immediate resistance is at MYR6.30. This is followed by the MYR6.48 level.
Source: RHB Securities Research - 10 May 2019
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