RHB Retail Research
Trading Stocks - Magnum
Magnum reacted positively after it tested the MYR2.16 support in the latest session. An upside breach of the MYR2.21 resistance in the coming sessions can be seen as a confirmation that a deeper rebound could be developing. The next resistance levels are set at MYR2.28 and MYR2.34. A downside breach of MYR2.16 would cancel this forecast.
Source: RHB Securities Research - 18 Jan 2021
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