RHB Retail Research
Trading Stocks - Rubberex Corporation (M)
Rubberex may rebound further after it tested the MYR0.79 support in recent sessions. As it has formed a white candle for the second consecutive day, the positive sentiment has been enhanced. A positive bias may emerge above the MYR0.82 level, with an exit set below the MYR0.79 point. Towards the upside, the immediate resistance is at the MYR0.90 level, followed by the MYR0.95 threshold.
Source: RHB Securities Research - 12 Mar 2020
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