• Technical BUY with +29.7% potential return
• Last price: RM1.11
• Target price: RM1.34, RM1.44
• Support: RM1.02
• Stop-loss: RM1.01

BUY with a target price of RM1.44 and stoploss at RM1.01. Based on the daily chart, MGSB managed to close above the BBI line on yesterday’s movement. A buy signal has been given with the positive directional index (+DI) crossing above the negative directional index (-DI). The ADX line shows a positive uptrend at this level. This is supported by an uptick in the RSI and a bullish crossover in the MACD. We peg our targets at RM1.34 and RM1.44 in the near term.

Expected Timeframe: 2 weeks to 2 months