RHB Retail Research
Trading Stocks - EG Industries
EG Industries may rebound further after it tested the MYR0.45 support in its latest session. Since the stock has formed a “Bullish Engulfing” pattern on 14 Nov, this points to a potential rebound. A positive bias may emerge above the MYR0.465 level, with an exit set below the MYR0.45 threshold. Towards the upside, the immediate resistance is at the MYR0.52 mark. This is followed by the MYR0.55 level
Source: RHB Securities Research - 15 Nov 2019
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