RHB Retail Research
Trading Stocks - MAG Holdings
MAG Holdings broke away from its 1-week sideways trading range that took place above the 21-day SMA line. This suggests the stock may be able to extend its multi-month sideways trading range which kicked off last October. Towards the upside, the next resistance is set at MYR0.23, followed by MYR0.25. This bias would be void if the MYR0.20 support is breached.
Source: RHB Securities Research - 7 Jan 2021
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