RHB Retail Research
Trading Stocks - Minetech Resources
Minetech Resources’ multi-month retracement exhibited signs of exhaustion from mid-October to early November. Its price actions on improving volume over the past two weeks indicate that a rebound may be developing. A positive bias may appear above MYR0.195 with resistance levels set at MYR0.225 and MYR0.24. A downside breach of MYR0.195 would cancel this expectation.
Source: RHB Securities Research - 23 Nov 2020
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