Rakuten Trade Research Reports
Technical View - MSM Malaysia Holdings Bhd (MSM, 5202)
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Publish date: Wed, 27 May 2020, 08:36 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
MSM Malaysia Holdings Bhd (5202)
• MSM gained 1.5 sen or 2.3% to close at RM0.665 last Friday.
• Share price has been showing improving upward trend supported by higher-than-average trading volume lately. This suggest consistent level of buying interests which is likely to drive share price to break above RM0.70 level.
• From here, resistance levels are expected at RM0.76 (R1) and RM0.82 (R2).
• On the downside, support levels are seen at RM0.58 (S1) and RM0.43 (S2).
Source: Rakuten Research - 27 May 2020
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