RHB Retail Research
Trading Stocks - Boilermech
Boilermech may rebound higher after it continued holding above the MYR0.705 support. As the 21-day SMA line is likely to move upwards, the bullish sentiment has been enhanced. A positive bias may emerge above the MYR0.705 level, with an exit set below the MYR0.705 threshold. Towards the upside, the immediate resistance is at the MYR0.755 level. This is followed by the MYR0.79 level.
Source: RHB Securities Research - 16 Aug 2019
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