MyEG poised for technical breakout, says RHB Retail Research
12 Dec 2023, 08:17 am
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KUALA LUMPUR (Dec 12): RHB Retail Research said MyEG Services Bhd is poised for a technical breakout as it bounced off the 21-day simple moving average line, testing the 83 sen immediate resistance on Monday.

In a trading stocks note on Tuesday, the research house said that if a breakout above that level happens, the stock may climb towards 87 sen (June 15’s high), followed by the next resistance at 95 sen.

“On the other hand, falling below the 80 sen support would lead to a downward movement,” it said.

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