RHB Retail Research
Trading Stocks - Magni-Tech Industries
Magni-Tech Industries may climb higher after posting a positive candle and leaving an upside gap. This upward momentum is likely to continue, given that it posted a second consecutive positive candle. A bullish bias may emerge above the MYR5.11 level, with an exit set below the MYR4.85 threshold. Towards the upside, the immediate resistance is at MYR5.38. This is followed by the MYR5.50 level.
Source: RHB Securities Research - 5 Aug 2019
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