RHB Retail Research
Trading Stocks - Press Metal Aluminium
Press Metal Aluminium may rebound higher after it continued holding above the MYR2.80 support. Given that it has formed a white candle for the third consecutive day, the positive sentiment has been enhanced. An upbeat bias may emerge above the MYR3.16 level, with an exit set below the MYR2.80 mark. Towards the upside, the immediate resistance is at the MYR3.72 level, followed by the MYR4.02 threshold.
Source: RHB Securities Research - 1 Apr 2020
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