RHB Retail Research
Trading Stocks - Mitrajaya
Mitrajaya may rebound higher after it continued holding above the MYR0.265 support. Given that it has formed a positive candle for a second consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.28 level, with an exit set below the MYR0.265 threshold. Towards the upside, the immediate resistance is at the MYR0.305 mark. This is followed by the MYR0.33 level.
Source: RHB Securities Research - 20 Dec 2019
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