Malayan Cement staging breakout above resistance level, says RHB Retail Research

Malayan Cement staging breakout above resistance level, says RHB Retail Research

The Edge Markets - Malaysia·2021-02-19 15:02

KUALA LUMPUR (Feb 19): RHB Retail Research said Malayan Cement Bhd is staging a breakout above the resistance level of RM2.30.

In a trading stocks note today, the research house said due to the surge in trading volume, the bullish momentum is gaining strength and this may propel the stock towards the next resistance level of RM2.43, followed by RM2.60.

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