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

• Share price closed 3.33% higher at RM2.17 on Tuesday.

• MRDIY has formed a rounding bottom and broke its resistance level at RM2.11. It closed above its MA20 and MA50 lines. As the indicators showed an uptick momentum, share price is likely to go higher.

• Resistance levels are identified at RM2.17 (R1) and RM2.36 (R2).

• On the flipside, support levels are pegged at RM2.06 (S1) and RM2.03 (S2).

Source: Rakuten Research - 1 Sept 2022