RHB Retail Research
Trading Stocks - MBM Resources
MBM Resources may rise higher after it breached above the MYR4.00 mark. Yesterday’s white candle sent the stock to its 2-month high, thereby enhancing the bullish sentiment. A positive bias may emerge above the MYR4.00 level, with an exit set below the MYR3.86 mark. Towards the upside, the immediate resistance is at the MYR4.20 level, followed by the MYR4.47 threshold.
Source: RHB Securities Research - 10 Jan 2020
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