OptionTrade

Technical Review–Meta Bright Group Bhd (2097)

OptionOdyssey
Publish date: Fri, 31 May 2024, 02:23 PM
OptionOdyssey
0 4
Following Message
Current Price: RM0.165
Support Level: RM0.160
Resistance Level: RM0.180, RM0.175

Meta Bright Group is exhibiting signs of concluding its consolidation phase, highlighted by a recent breakout from the RM0.160 level, which now serves as a key support level. In terms of moving averages (MA), the short-term MA5/10 indicates a neutral trend, while the mid-to-long-term MA20/30/50 signals a more positive outlook for the company. Coupled with increased trading volume over the past week, we are confident that Meta Bright Group will soon challenge the key resistance level of RM0.180 as a short term target.
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment