AmInvest Research Reports

Stock on Radar - MN Holdings (MNHLDG)

AmInvest
Publish date: Tue, 19 Nov 2024, 09:43 AM
AmInvest
0 9,371
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)

MN Holdings (MNHLDG | 0245)

Last Price: RM0.97 | Technical Call: BUY

Technical chart: MNHLDG

Support 1: RM0.95Resistance 1: RM1.05
Support 2: RM0.89Resistance 2: RM1.10
Shariah Compliant: YesSector: Construction

MN Holdings' buying interest is back after it broke out of the 2-week bullish flag pattern with a positive candle yesterday. As the

20-day and 50-day EMAs have confirmed their bullish crossover two weeks ago, the stock looks positive in the near term. A bullish bias may emerge above the RM0.95 level with stop-loss set at RM0.88, below the 29 Oct low. Towards the upside, near- term resistance level is seen at RM1.05, followed by RM1.10.

Entry: RM0.95-0.97

Target: RM1.05, RM1.10

Exit: RM0.88

 

Source: AmInvest Research - 19 Nov 2024

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

Post a Comment