RHB Retail Research
Trading Stocks - Mieco Chipboard
Mieco Chipboard formed a white candle to cross above the MYR0.50 resistance on strong volume to mark its highest close in two years – indicating that its uptrend line still has legs. A positive bias may appear above MYR0.50, with resistance levels at MYR0.55 and MYR0.60. A downside breach of the MYR0.50 support would invalidate this positive case.
Source: RHB Securities Research - 9 Nov 2020
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