Friday 29 Mar 2024
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KUALA LUMPUR (July 22): RHB Retail Research said Southern Steel Bhd may move higher after it tested the RM1.04 support recently.

In a trading stocks note today, the research house said given that it has formed a long white candle above the rising 21-day SMA line, the bullish sentiment has been enhanced.

“A bullish bias may appear above the RM1.10 level, with an exit set below the RM1.04 threshold.

“Towards the upside, the near-term resistance is at RM1.26. This is followed by the RM1.37 level,” it said.

 

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