Rakuten Trade Research Reports
Technical View - Muhibbah Engineering (M) Bhd (MUHIBAH, 5703)
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Publish date: Wed, 15 Apr 2020, 12:08 PM
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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
Muhibbah Engineering (M) Bhd (5703)
• MUHIBAH closed 1.0% or 1 sen higher to RM1.00 yesterday.
• Renewed buying interest on the recent share price recovery from a low of RM0.72 but still way below the high of RM2.91, we believe share price is on the verge of a bullish breakout.
• As such, resistance levels are seen at RM1.10 (R1) and further to RM1.24 (R2)
• Likewise, support levels are identified at RM0.955 (S1) and RM0.720 (S2).
Source: Rakuten Research - 15 Apr 2020
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