Rakuten Trade Research Reports
Technical View - Mah Sing Group Bhd (MAHSING, 8583)
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Publish date: Thu, 12 Dec 2019, 10:04 AM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Mah Sing Group Bhd (8583)
• MAHSING advanced 4.5 sen or 6.6% to RM0.725 yesterday.
• Share price seems to have found its bottom following yesterday’s positive move supported by higher trading volume. Share price closed at its intra-day high yesterday suggesting strong buying momentum may continue.
• From here, immediate resistance levels are expected at RM0.75 (R1) and RM0.80 (R2).
• Conversely, support levels can be identified at RM0.70 (S1) and RM0.67 (S2).
Source: Rakuten Research - 12 Dec 2019
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