RHB Retail Research
Trading Stocks - MGB
MGB is testing the MYR0.83 resistance with higher trading volume. Despite the stock moving sideways recently, observe that trading volume is increasingly showing strong buying interest. If the stock manages to break past the immediate resistance, expect the follow through momentum to reach MYR0.86 and MYR0.90. This expectation will be voided if it falls below the support level of MYR0.77.
Source: RHB Securities Research - 23 Nov 2021
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