RHB Retail Research
Trading Stocks - Magni-Tech Industries
Magni-Tech Industries may rebound further after it tested the MYR5.04 support in the recent session. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR5.18 level, with an exit set below the MYR5.04 threshold. Towards the upside, the immediate resistance is at the MYR5.38 level. This is followed by the MYR5.50 mark.
Source: RHB Securities Research - 26 Aug 2019
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