RHB Retail Research
Trading Stocks - EG Industries
EG Industries may rebound higher after it continued holding above the MYR0.365 support. As the stock rose above the 21- day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.38 level, with an exit set below the MYR0.365 threshold. Towards the upside, the immediate resistance is at the MYR0.415 level. This is followed by the MYR0.44 level.
Source: RHB Securities Research - 1 Aug 2019
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