RHB Retail Research
Trading Stocks - EG Industries
EG Industries is firming up its recent uptrend reversal after it continued to climb higher yesterday above the previous breakout level of MYR0.555. The follow-through bullish momentum is expected to persist towards the immediate resistance of MYR0.61, followed by the MYR0.63 threshold. If it falls below the MYR0.525 support, the momentum may dissipate.
Source: RHB Securities Research - 18 Nov 2021
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