RHB Retail Research
Trading Stocks - Malayan United Industries
Malayan United Industries may move higher after it breached above the MYR0.22 threshold. In view that the 21-day SMA line is likely to begin turning upwards, this also implies a positive outlook. A bullish bias may appear above the MYR0.22 level, with an exit set below the MYR0.195 threshold. Towards the upside, the near-term resistance is at MYR0.24. This is followed by the MYR0.255 level.
Source: RHB Securities Research - 7 Jun 2019
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