Rakuten Trade Research Reports
Technical View - Mah Sing Group Bhd (MAHSING, 8583)
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Publish date: Mon, 24 Aug 2020, 03:43 PM
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
Mah Sing Group Bhd (8583)
• MAHSING rose 4.6% or 3.5 sen to RM0.80 last Friday.
• Share price staged a strong rebound from recent low of RM0.68 level and continues to push higher on higher trading volume. Coupled with positive signals from key technical indicators, we expect share price to continue its bullish uptrend.
• As such, resistance levels are expected at RM0.85 (R1) and RM0.91 (R2).
• Conversely, support levels are identified at RM0.76 (S1) and RM0.68 (S2).
Source: Rakuten Research - 24 Aug 2020
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