RHB Retail Research
Trading Stocks - MBM Resources
MBM Resources may move higher after it continued holding above the MYR2.78 support. Given that the stock has formed a “Bullish Harami” pattern on 24 May, this indicates a potential rebound. A bullish bias may appear above the MYR2.78 level, with an exit set below the MYR2.78 threshold. Towards the upside, the near-term resistance is at MYR3.00. This is followed by the MYR3.08 level.
Source: RHB Securities Research - 27 May 2019
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