RHB Retail Research
Trading Stocks - Magnum
Magnum may rebound further after it tested the MYR2.50 support in its latest session. Yesterday’s candle sent the stock to its 1-week high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR2.55 level, with an exit set below the MYR2.50 threshold. Towards the upside, the immediate resistance is at the MYR2.69 mark. This is followed by the MYR2.74 level
Source: RHB Securities Research - 19 Dec 2019
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