RHB Retail Research
Trading Stocks - Malayan Cement
Malayan Cement is staging a breakout above the resistance level of MYR2.30. Due to the surge in trading volume, we believe the bullish momentum is gaining strength and this may propel the stock towards the next resistance level of MYR2.43, followed by MYR2.60. Meanwhile, a downward breach of the MYR2.13 support would negate this expectation.
Source: RHB Securities Research - 19 Feb 2021
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