RHB Retail Research
Trading Stocks - Malaysian Bulk Carriers
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
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