RHB Retail Research
Trading Stocks - Press Metal Aluminium Holdings
Press Metal Aluminium Holdings entered uncharted territory after it crossed above the immediate resistance of MYR5.59 with increased trading volume. If the breakout retains, the positive momentum may follow through towards the next resistance at MYR6.30, followed by MYR6.80. However, if it falls below the MYR5.37 support level, this expectation will be cancelled.
Source: RHB Securities Research - 7 Sept 2021
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