ellynacci

Bullish Steel

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MYX:MASTEEL   MALAYSIA STEEL WORKS (KL)BHD
We notice a price breakout above the Symmetrical Triangle, hence we are optimist on further bullish movement towards minimum target at 0.945, followed by 1.08 if the buying momentum still persist. Nearest support is seen at 0.58.

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Please take note that the company had proposed for renounceable Right Issue on Dec 2020. Objective: To repay bank borrowings.
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