RHB Retail Research
Trading Stocks - Malaysian Bulk Carriers
Malaysian Bulk Carriers was testing the MYR0.65 level in recent sessions. A bullish bias may be present above this point with a target price of MYR0.71, followed by MYR0.75. The stock may consolidate further if it cannot breach above the MYR0.65 threshold in the near term. Support may be found at MYR0.60, where traders can exit upon a breach to limit the downside risk
Source: RHB Securities Research - 23 Jul 2019
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