Rakuten Trade Research Reports

Author: rakutentrade   |   Latest post: Mon, 6 Jul 2020, 6:39 PM


Technical View - Muhibbah Engineering (M) Bhd (MUHIBAH, 5703)

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Muhibbah Engineering (M) Bhd (5703)

• MUHIBAH closed 1.0% or 1 sen higher to RM1.00 yesterday.

• Renewed buying interest on the recent share price recovery from a low of RM0.72 but still way below the high of RM2.91, we believe share price is on the verge of a bullish breakout.

• As such, resistance levels are seen at RM1.10 (R1) and further to RM1.24 (R2)

• Likewise, support levels are identified at RM0.955 (S1) and RM0.720 (S2).

Source: Rakuten Research - 15 Apr 2020

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Chart Stock Name Last Change Volume 
MUHIBAH 0.98 +0.01 (1.03%) 1,324,400 

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