RHB Retail Research
Trading Stocks - Mitrajaya
Mitrajaya was testing the MYR0.395 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.415, followed by MYR0.44. The stock may drift sideways if it cannot surpass the MYR0.395 mark in the near term. Support may be found at MYR0.375, where traders can exit upon a breach to minimise downside risk.
Source: RHB Securities Research - 13 May 2019
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