RHB Retail Research
Trading Stocks - Rubberex Corporation (M)
Rubberex may rise higher after it formed a third consecutive white candle, leaving an upside gap. This can be viewed as a continuation of the bulls extending the rebound from 21 Feb’s “Bullish Engulfing” pattern. A positive bias may emerge above the MYR0.715 level, with an exit set below the MYR0.66 mark. Towards the upside, the immediate resistance is at the MYR0.79 level, followed by the MYR0.85 threshold.
Source: RHB Securities Research - 28 Feb 2020
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