RHB Retail Research
Trading Stocks - Malaysia Marine and Heavy Engineering
Malaysia Marine and Heavy Engineering formed a long white candle, indicating that buying momentum could be strong. Last Friday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR0.86 level, with an exit set below the MYR0.785 threshold. Towards the upside, the immediate resistance is at MYR0.95. This is followed by the MYR1 level.
Source: RHB Securities Research - 22 Jul 2019
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