RHB Retail Research
Trading Stocks - Magni-Tech Industries
Magni-Tech Industries may climb higher after posting another long white candle and leaving an upside gap. This upward momentum is likely to continue, given that it has posted a third consecutive white candle. A bullish bias may emerge above the MYR4.80 level, with an exit set below the MYR4.52 threshold. Towards the upside, the immediate resistance is at MYR5.25. This is followed by the MYR5.73 level.
Source: RHB Securities Research - 12 Jun 2019
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