RHB Retail Research
Trading Stocks - Malaysia Marine and Heavy Engineering
Malaysia Marine and Heavy Engineering was testing the MYR0.74 level in its latest session. A bullish bias may be present above this point with a target price of MYR0.78, followed by MYR0.825. The stock may turn sideways if it cannot breach above the MYR0.74 mark decisively in the near term. Support may be found at MYR0.68, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 25 Jun 2019
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