RHB Retail Research
Trading Stocks - Press Metal Aluminium
Press Metal Aluminium formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s candle sent the stock to its 11-week high, thereby enhancing the bullish sentiment. A bullish bias may appear above the MYR4.53 level, with an exit set below the MYR4.30 threshold. Towards the upside, the near-term resistance is at MYR4.80. This is followed by the MYR5.00 level.
Source: RHB Securities Research - 26 Jul 2019
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