RHB Retail Research: MRCB continues rebound

RHB Retail Research says Malaysian Resources Corporation Berhad continued to extend its rebound off the 21-day SMA line, crossing above the MYR0.53 resistance in the latest session.

In a trading note, the research house says a positive bias may emerge above this point, with resistance levels marked at MYR0.55 followed by MYR0.575.

“A stop-loss can be placed below MYR0.525,” it says.

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