RHB Retail Research

Trading Stocks - Malaysian Bulk Carriers

Publish date: Thu, 06 Jan 2022, 04:47 PM
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RHB Retail Research

Malaysian Bulk Carriers is set for a storng uptrend reversal as it crossed above the consolidation phase of MYR0.545 yesterday – printing a “higher high” bullish pattern. With that, bullish interest may dominate the coming sessions, and the stock may head towards the next resistance of MYR0.58, then MYR0.63. Conversely, falling below the MYR0.52 support would negate this expectation.

Source: RHB Securities Research - 6 Jan 2022

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