RHB Retail Research
Trading Stocks - Southern Steel
Southern Steel may rebound further after it tested MYR0.77 support lately. Given that it has formed a positive candle for the second consecutive session, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.82 level, with an exit set below the MYR0.77 threshold. Towards the upside, the immediate resistance is at the MYR0.92 mark. This is followed by the MYR1.02 level.
Source: RHB Securities Research - 3 Jan 2020
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