RHB Retail Research: MGRC exhibits positive price continuation

RHB Retail Research says MGRC Berhad exhibited a positive price continuation after it breached above the MYR0.405 resistance last week.

In a trading note, the research house says a positive bias may emerge above this level with resistance levels eyed at MYR0.47, followed by MYR0.50.

A stop-loss can be set below MYR0.405.

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