RHB Retail Research
Trading Stocks - EG Industries
EG Industries may trend higher after it formed another white candle and climbed above the MYR0.30 mark. Yesterday’s candle can be viewed as a continuation of the bulls extending the rebound from 2 Mar’s “Hammer” pattern. A positive bias may emerge above the MYR0.305 level, with an exit set below the MYR0.285 threshold. Towards the upside, the immediate resistance is at the MYR0.34 mark. This is followed by the MYR0.375 level.
Source: RHB Securities Research - 6 Mar 2020
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