Mah Sing Group broke out from a 1-month bullish rectangle pattern yesterady, implying that its previous uptrend may have resumed. The stock also posted 3 white candles in a row and hit a new 52-week high, likely suggesting that upward momentum is picking up further. A bullish bias may emerge above the RM0.95 level with a stop-loss set at RM0.89, below the 50-day EMA. Towards the upside, near-term resistance level is seen at RM1.10, followed by RM1.20.

Entry : RM0.95–0.97

Target : RM1.10, RM1.20

Exit : RM0.89

Source: AmInvest Research - 29 Feb 2024