KUALA LUMPUR (Sept 7): RHB Retail Research said EG Industries Bhd is showing a good possibility of resuming its upward move following the completion of it correction phase around the 21-day SMA line.
In a trading stocks note today, the research house said a positive bias may emerge above 57 sen with resistance points set at 65 sen followed by 69 sen.
“A stop-loss below 57 sen is recommended,” it said.