RHB Retail Research
Trading Stocks - Malaysian Bulk Carriers
Malaysian Bulk Carriers may move higher after it tested the MYR0.565 support in recent session. Given that the stock has climbed above the 21-day SMA line lately, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.565 level, with an exit set below the MYR0.565 threshold. Towards the upside, the immediate resistance is at the MYR0.62 level. This is followed by the MYR0.645 mark.
Source: RHB Securities Research - 29 Aug 2019
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