RHB Retail Research
Trading Stocks - MSM Malaysia Holdings
MSM Malaysia Holdings saw strong momentum, and gapped up on high volume while testing the immediate resistance recently. With the renewed momentum, the bulls are attempting to breach above the MYR1.33 immediate resistance level. If this happens, expect the follow-through momentum to lift the stock towards the next hurdle of MYR1.41, followed by MYR1.60. If the stock falls below the MYR1.24 support, this expectation would be nullified.
Source: RHB Securities Research - 21 Jul 2021
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