Critical investment
Mestron Holdings Bhd – Well Supported
Steel pole manufacturer Mestron Holdings Bhd (MESTRON) was well-supported in the RM0.400 – RM0.405 range, which had been withstanding the downward pressure for the past few trading days.
We still see MESTRON holding its mid and long-term uptrend as long as the share price was supported beyond cardinal support level of RM0.400, where traded volume SHOULD maintain at least at the current level.
SP: RM0.400
RS: RM0.420, RM0.435
TP: RM0.445
Rating: BUY @ RM0.400/RM0.395
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