RHB Retail Research
Trading Stocks - EG Industries
EG Industries is staging a technical rebound after breaching the immediate resistance marked at MYR0.70 with volume surging. If it manages to sustain above the resistance-turned support, the positive momentum may lift the stock towards the next resistance at MYR0.745, followed by MYR0.78. Meanwhile, falling below the MYR0.685 support level may see the stock head south.
Source: RHB Securities Research - 25 Jun 2021
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