RHB Retail Research
Trading Stocks - Magni-Tech Industries
Magni-Tech Industries may climb higher after it breached above the MYR5.40 threshold. Yesterday’s candle sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR5.40 level, with an exit set below the MYR5.16 threshold. Towards the upside, the immediate resistance is at the MYR5.60 level. This is followed by the MYR5.80 threshold.
Source: RHB Securities Research - 6 Sept 2019
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