RHB Retail Research
Trading Stocks - Rubberex Corporation (M)
Rubberex may rebound further after it tested the MYR0.655 support in recent sessions. With the 50-day SMA line edging upwards, this implies a positive outlook sentiment. An upbeat bias may emerge above the MYR0.70 level, with an exit set below the MYR0.655 mark. Towards the upside, the immediate resistance is at the MYR0.82 level, followed by the MYR0.895 threshold.
Source: RHB Securities Research - 20 Mar 2020
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