RHB Retail Research

Trading Stocks - Malaysian Bulk Carriers

rhboskres
Publish date: Fri, 01 Oct 2021, 08:43 AM
rhboskres
0 9,021
RHB Retail Research

Malaysian Bulk is firming up the recent rebound after it managed to stay above the MYR0.715 resistance-turned-support level on strong volume yesterday. A bullish momentum above that level is expected to follow through, which may propel the stock towards the recent high of MYR0.77, before reaching MYR0.855 or its 52-week high. However, this expectation will be cancelled if it falls below the support of MYR0.685.

Source: RHB Securities Research - 30 Sept 2021

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment