Rakuten Trade Research Reports
Technical View - Mah Sing Group Bhd (MAHSING, 8583)
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Publish date: Tue, 05 Nov 2019, 09:59 AM
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To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Mah Sing Group Bhd (8583)
• MAHSING gained 1.5 sen or 2.0% to RM0.775 yesterday.
• Share price staged a rebound from its 52-week low on the back of higher trading volume. The signs of bottoming and potential trend reversal is evident and is likely to see share price to test above the RM0.80 level.
• Resistance levels are expected at RM0.80 (R1) and RM0.86 (R2).
• On the contrary, downside support levels are seen at RM0.74 (S1) and RM0.72 (S2).
Source: Rakuten Research - 5 Nov 2019
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