RHB Retail Research
Trading Stocks - Malaysia Marine and Heavy Engineering
Malaysia Marine and Heavy Engineering formed a long white candle, indicating that the momentum of buying could be strong. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A bullish bias may appear above the MYR0.825 level, with an exit set below the MYR0.75 threshold. Towards the upside, the near-term resistance is at MYR0.90. This is followed by the MYR0.98 level.
Source: RHB Securities Research - 18 Jul 2019
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