RHB Retail Research
Trading Stocks - MBM Resources
MBM Resources was testing the MYR3.36 level in its latest session. A bullish bias may be present above this point, with a target price of MYR3.50, followed by MYR3.60. The stock may take a breather if it cannot breach the MYR3.36 mark decisively in the near term. Support may be found at MYR3.20, where traders can exit upon a breach to limit downside risk.
Source: RHB Securities Research - 5 Aug 2019
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