RHB Retail Research
Trading Stocks - Press Metal Aluminium
Press Metal Aluminium may rise higher after it breached above the MYR4.86 threshold. With the 21-day SMA line edging upwards, this also implies a positive outlook sentiment. A positive bias may emerge above the MYR4.86 level, with an exit set below the MYR4.69 threshold. Towards the upside, the immediate resistance is at the MYR5.15 level. This is followed by the MYR5.30 threshold.
Source: RHB Securities Research - 3 Sept 2019
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