RHB Retail Research
Trading Stocks - MRCB
MRCB continued to extend its rebound off the 21-day SMA line, crossing above the MYR0.53 resistance in the latest session. A positive bias may emerge above this point, with resistance levels marked at MYR0.55 followed by MYR0.575. A stop-loss can be placed below MYR0.525.
Source: RHB Securities Research - 20 Jul 2020
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