RHB Retail Research
Trading Stocks - Malaysia Marine & Heavy Engineering
Malaysia Marine & Heavy Engineering may climb higher after hitting its highest point in more than five months. Since the 21- day SMA line will likely begin turning upwards, this indicates a positive sign. A positive bias may emerge above the MYR0.935 level, with an exit set below the MYR0.895 threshold. Towards the upside, the immediate resistance is at MYR1.00. This is followed by the MYR1.06 level.
Source: RHB Securities Research - 8 Jan 2020
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