RHB Retail Research
Trading Stocks - Malaysia Smelting Corporation
Malaysia Smelting Corporation is poised to surpass the one-month consolidation phase of MYR2.49, as it attempted to breach that level yesterday. If a breakout above that level happens, bullish momentum may follow through to propel the stock towards the MYR2.70 resistance, followed by MYR2.85. Meanwhile, if it falls beneath the MYR2.32 support, the momentum might be reversed.
Source: RHB Securities Research - 12 Oct 2021
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