RHB Retail Research
Trading Stocks - Managepay Systems
Managepay Systems has been trading in a sideways pattern over the past 1.5 months, in the range of MYR0.08 and MYR0.11. Towards the upside, an upside breach of the MYR0.11 resistance can be seen as a positive price signal,with a bias for the stock to test resistance points of MYR0.125 followed by MYR0.13. A stop-loss can be placed below MYR0.10.
Source: RHB Securities Research - 20 Jul 2020
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