RHB Retail Research
Trading Stocks - Malaysia Smelting Corporation
Malaysia Smelting Corporation may be heading into uncharted territory, as it bounced off the support level, while climbing towards the historical high of MYR3.09 on strong trading volume. If it manages to breach that level, it may print a new high – at the MYR3.30 threshold, then MYR3.50. However, falling below the MYR2.81 support may see the stock descending further.
Source: RHB Securities Research - 16 Nov 2021
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