RHB Retail Research
Trading Stocks - Malaysia Smelting Corporation
Malaysia Smelting Corporation is poised to extend its upside movement, and is eyeing to cross above the psychological resistance of MYR5.00. The stock has been trending on a “higher high” on the back of strong trading volume. If it breaches the immediate threshold, the stock may scale towards MYR5.50, followed by MYR6.00. Conversely, falling below the MYR4.32 support would negate this expectation.
Source: RHB Securities Research - 24 Feb 2022
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