MR D.I.Y Group (M) Bhd (MRDIY, 5296)

• Share price closed 3.5% higher at RM2.07 on Tuesday.

• MRDIY has formed three white soldiers candlestick during the past 3 trading days. It also managed to close above its MA 20 line on Tuesday.

• Backed by upticks in its indicators and bullish MACD crossover, we believe its share price is expected to move higher.

• Resistance levels are identified at RM2.16 (R1) and RM2.19 (R2).

• On the flipside, support levels are pegged at RM1.90 (S1) and RM1.83 (S2).

Source: Rakuten Research - 1 Jul 2022