RHB Retail Research
Trading Stocks - MSM Malaysia Holdings
MSM Malaysia found its footing after tapping its 4-week support with a Hammer bullish pattern yesterday. The stock is expected to reverse upwards if it manages to surpass the MYR1.52 immediate resistance level. If that happens, the stock may travel towards the MYR1.60 and subsequently MYR1.70 resistance levels. If it falls below the MYR1.42 support, the stock may reverse its direction.
Source: RHB Securities Research - 24 May 2021
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