RHB Retail Research
Trading Stocks - Malaysian Bulk Carriers
Malaysian Bulk Carriers headed north after it bounced off from recent pullback on strong volume. If it manages to stay above the resistance-turn-support level of MYR0.56, the bullish momentum may lift it towards the next resistance level of MYR0.60, followed by MYR0.62. This trading set-up would be nullified if the MYR0.55 support is breached.
Source: RHB Securities Research - 30 Mar 2021
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