RHB Retail Research
Trading Stocks - Mudajaya Group
Mudajaya Group may trend higher after it formed a long white candle and breached above the MYR0.30 mark. Given that it has formed a long white candle above the 21-day SMA line, this means that the bullish sentiment has been enhanced. A bullish bias may appear above the MYR0.30 level, with an exit set below the MYR0.275 threshold. Towards the upside, the near-term resistance is at MYR0.34. This is followed by the MYR0.355 level.
Source: RHB Securities Research - 28 Jun 2019
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