RHB Retail Research

Trading Stocks - Press Metal Aluminium

rhboskres
Publish date: Thu, 09 Jan 2020, 05:20 PM
rhboskres
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RHB Retail Research


Press Metal Aluminium formed a long white candle, indicating that the momentum of buying could be strong. This close has sent the stock to its new 52-week high, thereby enhancing the positive sentiment. A positive bias may emerge above the MYR4.87 level, with an exit set below the MYR4.73 mark. Towards the upside, the immediate resistance is at the MYR5.20 level, followed by the MYR5.70 threshold.

Source: RHB Securities Research - 9 Jan 2020

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