RHB Retail Research
Trading Stocks - Press Metal Aluminium
Press Metal Aluminium was testing the MYR3.90 level in its latest session. If the price breaks out, a bullish bias may be present above this point, with a target price of MYR4.30, followed by MYR4.56. The stock may take a breather if it cannot breach above the MYR3.90 mark in the near term. Support may be found at MYR3.59, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 20 Apr 2020
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