RHB Retail Research
Trading Stocks - Malaysia Steel Works
Malaysia Steel Works is set to move towards its recent high, after breaching above the immediate resistance of MYR0.615 on improved volume last week. The bullish momentum is likely to continue, as it moves closer to the next resistance levels of MYR0.655, then MYR0.70. This expectation would be nullified if it drops below the MYR0.58 support level.
Source: RHB Securities Research - 26 Apr 2021
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