RHB Retail Research
Trading Stocks (MID-DAY) - Mudajaya
At the time of writing, Mudajaya has continued to remain above the MYR0.47 support, indicating a positive sign. As the stock rose above the 21-day SMA line, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.49 level, with an exit set below the MYR0.47 threshold. Towards the upside, the immediate resistance is at the MYR0.55 mark. This is followed by the MYR0.60 level.
Source: RHB Securities Research - 20 Feb 2020
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