RHB Retail Research
Trading Stocks - Magni-Tech Industries
Magni-Tech Industries may rise higher after it formed a long white candle and breached above the MYR5.00 threshold. This can be viewed as a continuation of the bulls extending the buying momentum from 11 Jun’s upside gap. A bullish bias may appear above the MYR5.00 level, with an exit set below the MYR4.75 threshold. Towards the upside, the nearterm resistance is at MYR5.25. This is followed by the MYR5.50 level.
Source: RHB Securities Research - 26 Jun 2019
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