RHB Retail Research
Trading Stocks - Magnum
Magnum may rise higher after posting a white candle and hitting its new 52-week high. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A bullish bias may emerge above the MYR2.58 level, with an exit set below the MYR2.43 threshold. Towards the upside, the immediate resistance is at MYR2.75. This is followed by the MYR2.85 level.
Source: RHB Securities Research - 26 Jun 2019
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