RHB Retail Research
Trading Stocks - Boilermech
Boilermech may rise higher after it formed a second consecutive white candle. This candle has sent the stock to its highest close in more than nine months, thereby enhancing the positive sentiment. A bullish bias may emerge above the MYR0.645 level, with an exit set below the MYR0.61 threshold. Towards the upside, the immediate resistance is at MYR0.70. This is followed by the MYR0.75 level.
Source: RHB Securities Research - 18 Jul 2019
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