RHB Retail Research
Trading Stocks - Press Metal Aluminium
Press Metal Aluminium may rebound higher after it continued holding above the MYR4.56 support. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR4.65 level, with an exit set below the MYR4.56 threshold. Towards the upside, the immediate resistance is at the MYR4.88 mark. This is followed by the MYR4.95 level.
Source: RHB Securities Research - 12 Dec 2019
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