RHB Retail Research
Trading Stocks - MY E.G Services
MY E.G Services is likely ready to extend its uptrend following its latest session’s breakout from the multi-month downtrend line. This comes after the recent minor consolidation around the said trend line. A positive bias may appear above MYR1.44 with resistance levels pegged at MYR1.53 and MYR1.60. Point of invalidation is a downside breach of MYR1.44.
Source: RHB Securities Research - 16 Nov 2020
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