MY E.G. Services (MYEG,0138)

• MYEG's share price close at RM1.11 last Friday representing a gain of 6 sen or 5.7%.
• Share price has found support at RM1.00 after recent announcement of quarterly loss because of impairments on GST related investments. It has staged a strong rebound to breakout of its downtrend chart, we believe the buying momentum is likely to continue for more potential upside.
• Resistance levels are at RM1.38 (R1) and RM1.40 (R2). Meanwhile, support levels can be found at RM0.79 (51) and RM0.735 (S2).  Basic Data Technical Ratings 52-week High RM3.030 Resistance 2 RM 1.400 MACD Neutral 52-week Low RM0.655 Resistance 1 RM1.380 RSI Neutral Current Level RM 1.110 Support 1 RM0.790 Stochastic Oversold Support 2 RM0.735 Trend Neutral

Source: Rakuten Research - 3 Dec 2018