RHB Retail Research
Trading Stocks - Magnum
Magnum may rise higher after it formed a second consecutive white candle yesterday. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR2.45 level, with an exit set below the MYR2.31 threshold. Towards the upside, the immediate resistance is at MYR2.60. This is followed by the MYR2.70 level.
Source: RHB Securities Research - 14 Jun 2019
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