RHB Retail Research
Trading Stocks - Press Metal Aluminium
Press Metal Aluminium was testing the MYR4.84 level in its latest session. A bullish bias may be present above this point, with a target price of MYR5.00, followed by MYR5.22. The stock may take a breather if it cannot breach above the MYR4.84 mark in the coming sessions. Support may be found at MYR4.60, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 5 Mar 2020
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