RHB Retail Research
Trading Stocks - Matrix Concepts
Matrix Concepts may climb higher after posting a white candle and leaving an upside gap. Yesterday’s candle sent the stock to its 1-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR1.95 level, with an exit set below the MYR1.90 threshold. Towards the upside, the immediate resistance is at MYR2.02. This is followed by the MYR2.06 level.
Source: RHB Securities Research - 4 Jun 2019
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