MPI

Sector: Semiconductor/ OSAT

Analyzed on 23 Mar 2022

From RM27 rebound to RM38, all it takes is just two weeks of time. MPI has shown a strong rebound crossing above both EMA25 and EMA50 after dipping to a low of RM27. This rebound is an indication of a strong trend reversal. Based on past price actions, RM34.88 is a support level while RM41.4 is a resistance. We are in the opinion the short but sharp downtrend has ended, let's see if the price can continue resume its bullish uptrend.

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