AmInvest Research Reports
Stocks on Radar - MNRB Holdings (6459)
AmInvest
Publish date: Mon, 14 Jan 2019, 09:33 AM
AmInvest
0 9,058
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All materials published here are prepared by AmInvest. For latest offers on AmInvest trading products and news, please refer to: https://www.aminvest.com/eng/Pages/home.aspx
Tel: +603 2036 1800 / +603 2032 2888
Fax: +603 2031 5210
Email: enquiries@aminvest.com
Office Hours
Monday to Thursday: 8:45am – 5:45pm
Friday: 8:45am – 5:00pm
(GMT +08:00 Malaysia)
MNRB Holdings crossed the RM0.955 level in its latest session. With a healthy RSI level, a bullish bias may be present above this mark with a target price of RM1.08. Meanwhile, it may continue moving sideways if it falls back below the RM0.955 mark in the near term. In this case, the immediate support is anticipated at RM0.90, whereby traders may exit on a breach to avoid the risk of a further correction.
Trading Call: Buy on further rebound above RM0.955
Target: RM1.08 (time frame: 3-6 weeks)
Exit: RM0.90
Source: AmInvest Research - 14 Jan 2019
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