RHB Retail Research
Trading Stocks - Press Metal Aluminium Holdings
Press Metal Aluminium Holdings is likely to complete its consolidation phase and extend the upward movement. If the stock is able to move above its immediate resistance of MYR10.16, the bullish momentum will pick up and drive it towards the next resistance level pegged at MYR10.42, followed by MYR11.00. A downside breach of the MYR9.80 support level would nullify this expectation and see further share price correction.
Source: RHB Securities Research - 7 Apr 2021
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