RHB Retail Research

Trading Stocks - Malaysia Marine and Heavy Engineering

rhboskres
Publish date: Fri, 11 Oct 2019, 05:20 PM
rhboskres
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RHB Retail Research

Malaysia Marine and Heavy Engineering’s buying momentum may have returned after it rose above the 21-day SMA line. This can be viewed as a continuation of the bulls extending the rebound from 8 Oct’s “Hammer” pattern. A positive bias may emerge above the MYR0.835 level, with an exit set below the MYR0.80 threshold. Towards the upside, the immediate resistance is at the MYR0.895 level. This is followed by the MYR0.93 level.

Source: RHB Securities Research - 11 Oct 2019

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