Rakuten Trade Research Reports
Technical View - Mui Properties Bhd (MUIP, 3913)
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Publish date: Mon, 17 Feb 2020, 11:38 AM
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All materials published here are prepared by Rakuten Trade. For latest offers on Rakuten Trade products and news, please refer to: https://www.rakutentrade.my/
To sign up for an account: http://bit.ly/40BNqKI
Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Mui Properties Bhd (3913)
• MUIP closed 0.05 higher at RM0.195 last Friday.
• Technically speaking, share price is expected to see trend reversal soon, after share price fell from RM0.515 back in 2014 to RM0.16 last year which seemed to have bottomed out.
• Of late share price have been trending higher hence the price may form a bullish breakout to possibly heading to RM0.25 level.
• From here, resistance levels are expected at RM0.23 (R1) and further to RM0.26 (R2).
• Conversely, downside support levels are expected at RM0.175 (S1) and RM0.155 (S2).
Source: Rakuten Research - 17 Feb 2020
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