RHB Retail Research
Trading Stocks - Malaysian Bulk Carriers
Malaysian Bulk Carriers may rise higher after it breached above the MYR0.60 threshold. As the 21-day SMA line is likely to turn higher, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.60 level, with an exit set below the MYR0.545 threshold. Towards the upside, the immediate resistance is at the MYR0.65 level. This is followed by the MYR0.715 level.
Source: RHB Securities Research - 16 Jul 2019
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