RHB Retail Research
Trading Stocks - Southern Steel
Southern Steel may rebound higher after it continued holding above the MYR0.85 support. Yesterday’s candle sent the stock to its 2-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR0.90 level, with an exit set below the MYR0.85 threshold. Towards the upside, the near-term resistance is at MYR1.00. This is followed by the MYR1.05 level.
Source: RHB Securities Research - 24 May 2019
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