UOB Kay Hian Research Articles
Traders' Corner - Mycron Steel (MSB MK)
UOBKayHian
Publish date: Wed, 16 Aug 2017, 09:29 AM
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An official blog in I3investor to publish research reports provided by UOB Kay Hian research team.
All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
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All materials published here are prepared by UOB Kay Hian. For latest offers on UOB Kay Hian trading products and news, please refer to: http://www.utrade.com.my
UOB Kay Hian Securities (M) Sdn Bhd (194990-K)
Hotline:
1800 UTRADE /
1800 88 7233 (Securities)
+6088 235611 (Futures)
Email: contact@utrade.com.my
- Technical BUY on breakout with +29.0% potential return
- Last price: RM0.805
- Target price: RM0.995, RM1.09
- Support: RM0.75
- Stop-loss: RM0.745
BUY on breakout with a target price of RM1.09 and stop-loss at RM0.745 On yesterday’s movement, MSB managed to close above the BBI line to keep up the upward momentum. Having formed a firm base at the support level of RM0.75, share price has made gains on renewed buying interest. A breakout above RM0.845 would confirm a continuation of the upward movement towards our targets at RM0.995 and RM1.09 in the near to medium term.
Expected Timeframe: 2 weeks to 2 months.
Source: UOB Kay Hian Research - 16 Aug 2017
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