RHB Retail Research
Trading Stocks - Magnum
Magnum may rise higher after it breached above the MYR2.70 threshold. This white candle be viewed as a continuation of the bulls extending the rebound from 6 Aug’s “Piercing Line” pattern. A bullish bias may appear above the MYR2.68 level, with an exit set below the MYR2.48 threshold. Towards the upside, the near-term resistance is at MYR2.83. This is followed by the MYR2.90 level.
Source: RHB Securities Research - 14 Aug 2019
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