AmInvest Research Reports

Stock on Radar - Mah Sing Group

AmInvest
Publish date: Thu, 16 May 2024, 10:43 AM
AmInvest
0 9,388
An official blog in I3investor to publish research reports provided by AmInvest research team.

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)

Mah Sing Group may trend higher after it broke above the RM1.30 resistance and hit a new multi-year high yesterday. As the stock also broke out of a 5-week bullish pennant pattern, it may see additional strength in the near term. A bullish bias may emerge above the RM1.30 level with stop-loss set at RM1.18, below the 20-day EMA. Towards the upside, near-term resistance level is seen at RM1.50,

Entry : RM1.30–1.34

Target : RM1.50, RM1.60

Exit : RM1.18

Source: AmInvest Research - 16 May 2024

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment