RHB Retail Research
Trading Stocks - My E.G Services
My E.G Services moving higher to retest its immediate resistance on surging volume lately. Bullish bias is expected to appear once it crosses above MYR2.00 resistance level. If breakout happens, the stock may travel towards next resistance of MYR2.11 before propel further towards MYR2.20 hurdle. Meanwhile, falling below the MYR1.92 support level would invalidate this expectation.
Source: RHB Securities Research - 4 Jun 2021
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