MyEG Services set to rebound higher, says RHB Retail Research

MyEG Services set to rebound higher, says RHB Retail Research
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KUALA LUMPUR (June 29): RHB Retail Research said MyEG Services Bhd is set to rebound higher as it managed to sustain above the 88 sen level on Tuesday following the breakout on Monday, and it also reclaimed above the 21-day average line on stronger trading volume.

In a trading stocks note on Wednesday (June 29), the research house said the bullish bias above that level may see the stock climb further towards the 93 sen resistance, or June 1’s high, followed by 95.5 sen, or May 5’s high.

“If it falls below the support level of 85.5 sen, the stock may trend downwards below the average line,” it said.