RHB Retail Research
Trading Stocks - Engtex Group
Engtex Group may rise higher after it formed another white candle and breached above the MYR0.70 threshold. As the stock rose above the 21-day SMA line, this indicates a positive sign. A bullish bias may appear above the MYR0.70 level, with an exit set below the MYR0.66 threshold. Towards the upside, the near-term resistance is at MYR0.75. This is followed by the MYR0.79 level.
Source: RHB Securities Research - 5 Aug 2019
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