RHB Retail Research

Trading Stocks - Magnum

rhboskres
Publish date: Wed, 14 Aug 2019, 05:15 PM
rhboskres
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RHB Retail Research

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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