RHB Retail Research
Trading Stocks - Malaysian Bulk Carriers
Malaysian Bulk Carriers may rebound further after it tested MYR0.635 support lately. As the stock rose above the 21-day SMA line, this indicates a positive sign. A positive bias may emerge above the MYR0.67 level, with an exit set below the MYR0.635 threshold. Towards the upside, the immediate resistance is at the MYR0.735 level, followed by the MYR0.785 threshold.
Source: RHB Securities Research - 7 Nov 2019
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