RHB Retail Research
Trading Stocks - Magnum
Magnum retraced lower towards a strong support level and we think a technical rebound could happen anytime soon. Notice that the price retracement came along a reduced trading volume – this indicates that the selling pressure has subsided. If it bounces above the resistance of MYR2.14, the next possible level will be MYR2.20 followed by MYR2.25. Meanwhile, a downside breach of the MYR2.07 support would cancel this expectation.
Source: RHB Securities Research - 30 Sept 2020
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
More articles on RHB Retail Research
Duopharma Biotech - Lacking Near-Term Re-Rating Catalysts; D/G NEUTRAL
Created by rhboskres | Aug 26, 2024
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Featured Posts
Latest Videos
Apps
Top Articles
1
2
4
save malaysia!
Visa-free travel to China extended for Malaysians to 30 days
5
6
7
BFM Podcast
8
#
Stock
Score
Daily Stocks
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Stock Name
Last
Change
Volume
Featured Advertisers / Partners
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
