Mah Sing Group may trend higher after it broke above the RM0.90 resistance with a long white candle a few sessions ago. As the stock also surged to a new 52-week high and coupled with its rising EMAs, a bullish outlook can be expected here. A bullish bias may emerge above the RM0.90 level, with a stop-loss set at RM0.84, below the 50-day EMA. Towards the upside, the nearterm resistance level is seen at RM1.00, followed by RM1.10.
 

Entry : RM0.90–0.94

Target : RM1.00, RM1.10

Exit : RM0.84

Source: AmInvest Research - 30 Jan 2024