AmInvest Research Reports

Stock on Radar - MN Holdings (MNHLDG)

AmInvest
Publish date: Tue, 19 Nov 2024, 09:43 AM
AmInvest
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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

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