RHB Retail Research
Trading Stocks - MyEG Services
MyEG Services has been developing a minor consolidation phase around the 21-day SMA line in recent sessions, following its prior rebound. Towards the upside, if the stock manages to cross above MYR1.91, this would be regarded as a confirmation of a rebound extension – subsequent resistance levels are marked at MYR2.00 and MYR2.08. A downside breach of MYR1.85 would nullify this positive bias.
Source: RHB Securities Research - 20 Jan 2021
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