RHB Retail Research
Trading Stocks - MBM Resources
MBM Resources formed a long white candle, indicating that the momentum of buying could be strong. Yesterday’s candle has sent the stock to its new 52-week high, thereby enhancing the bullish sentiment. A bullish bias may emerge above the MYR4.22 level, with an exit set below the MYR3.96 threshold. Towards the upside, the immediate resistance is at MYR4.70. This is followed by the MYR5.00 threshold.
Source: RHB Securities Research - 11 Sept 2019
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
