RHB Retail Research
Trading Stocks (mid-day) - Rubberex Corp (M)
At the time of writing, Rubberex Corp (M) was holding below the recent MYR0.825 resistance. A bullish bias may be present above this point, with a target price of MYR0.895, followed by MYR0.95. The stock may take a breather if it cannot decisively breach above the MYR0.825 mark in the near term. Support may be found at MYR0.755, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 9 Apr 2020
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