RHB Retail Research
Trading Stocks - Rubberex Corporation (M)
Rubberex Corp was testing the MYR0.885 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR0.95, followed by MYR1.00. The stock may take a breather if it cannot breach above the MYR0.885 mark decisively in the coming sessions. Support may be found at MYR0.80, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 16 Apr 2020
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