RHB Retail Research
Trading Stocks - MNRB
MNRB formed a white candle after testing the 50-day SMA line in the prior two sessions – this indicates a good possibility that it is now ready to extend its upward move. A positive bias may emerge above MYR0.80 with resistance levels pegged at MYR0.855 followed by MYR0.90. A stop-loss below MYR0.80 is recommended.
Source: RHB Securities Research - 6 Aug 2020
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