RHB Retail Research
Trading Stocks - Malayan Cement
Malayan Cement rebounded from a low and tested the resistance level of MYR2.50. If it can cross the resistance level with higher trading volume, we believe the uptrend may be resumed. If this happens, it may challenge the next resistance level of MYR2.62, followed by MYR2.90. This positive expectation should remain valid, if the MYR2.30 support is not breached.
Source: RHB Securities Research - 30 Nov 2020
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