RHB Retail Research
Trading Stocks - Southern Steel
Southern Steel was testing the MYR0.95 level in its latest session. A bullish bias may be present above this point with a target price of MYR1.00, followed by MYR1.05. The stock may consolidate further if it cannot breach above the MYR0.95 threshold in the coming sessions. Support may be found at MYR0.85, where traders can exit upon a breach to limit the downside risk.
Source: RHB Securities Research - 28 May 2019
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