RHB Retail Research
Trading Stocks - Press Metal Aluminium
Press Metal Aluminium was testing the MYR4.33 level in its latest session. A bullish bias may be present above this point with a target price of MYR4.47, followed by MYR4.60. The stock may consolidate further if it cannot breach above the MYR4.33 mark in the coming sessions. Support may be found at MYR4.16, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 24 May 2019
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