RHB Retail Research

Trading Stocks - Rubberex Corporation (M)

rhboskres
Publish date: Tue, 31 Mar 2020, 11:09 AM
rhboskres
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RHB Retail Research

Rubberex Corp may rebound further after it tested the MYR0.695 support lately. The stock has formed a long white candle and hit its 2-week high, which indicates a positive sign. An upbeat bias may emerge above the MYR0.76 level, with an exit set below the MYR0.695 mark. Towards the upside, the immediate resistance is at the MYR0.895 level, followed by the MYR0.95 threshold.

Source: RHB Securities Research - 31 Mar 2020

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