RHB Retail Research
Trading Stocks - EG Industries
EG Industries may climb higher after it breached above the MYR0.47 threshold. With the 21-day SMA line edging upwards, this implies a positive outlook sentiment. A positive bias may emerge above the MYR0.47 level, with an exit set below the MYR0.44 threshold. Towards the upside, the immediate resistance is at the MYR0.50 mark. This is followed by the MYR0.52 level.
Source: RHB Securities Research - 7 Nov 2019
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