Rakuten Trade Research Reports
Technical View - Muda Holdings Bhd (MUDA, 3883)
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Publish date: Fri, 16 Jul 2021, 03:21 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/
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Rakuten Trade
Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my
• MUDA climbed 1.9% or 5 sen higher to RM2.75 yesterday.
• Share price broke past the resistance of RM2.73 yesterday forming a solid rebound from recent low of RM2.53. Trading volume improved and share price could attempt to test higher territory along with positive signals from key indicator.
• Resistance levels are projected at RM2.88 (R1) and RM3.05 (R2).
• For downside, support levels are expected at RM2.53 (S1) and RM2.49 (S2).
Source: Rakuten Research - 16 Jul 2021
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