RHB Retail Research
Trading Stocks - MY E.G. Services
MY E.G. Services attempted to extend its technical rebound, testing the MYR0.975 immediate resistance. The trading volume has increased, suggesting that strong momentum is building up. If the breakout happens, expect the momentum to propel the stock towards the next resistance of MYR1.06, followed by MYR1.10. In the event it drops below the MYR0.90 support, the stock may resume the downward movement.
Source: RHB Securities Research - 24 Feb 2022
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