In the current unstable environment, there are a few stocks that are still sticking to their resistance levels. The question to ask is why? Why are they dropping back? One of such stocks is MYEG which is still pushing again the upper line of its trading range at RM1.50-1.52..
Chart: MYEG's daily chart as at Jun 17, 2020_4.00pm (Source: Malaysiastock.biz)
Its CWs are also trading at fairly high premium.
Table: MYEG's CWs with minimum tenor of 90 days
Something is cooking here. Watch out!!