RHB Retail Research
Trading Stocks - Malaysia Building Society
Malaysia Building Society attempted to break out from the resistance level of MYR0.63. Since crossing the 21-day SMA line, the bullish momentum has been gaining traction. If the breakout happens, we think the stock will climb higher towards the next resistance level of MYR0.67, followed by MYR0.71. Meanwhile, a downward breach of the MYR0.59 support will negate this expectation.
Source: RHB Securities Research - 10 Feb 2021
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