RHB Retail Research
Trading Stocks - Malaysian Resources Corporation
MRCB signalled a possible rebound extension in the latest session. This came after trading turned sideways slightly in previous sessions, with MYR0.525 as the support. A positive bias may emerge above this point, with the resistance point pegged at MYR0.58, followed by MYR0.60. A stop-loss can be placed below MYR0.525.
Source: RHB Securities Research - 27 May 2020
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