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

• Share price closed 3.03% higher at RM2.04 on Friday.

• MRDIY broke up from its resistance level of RM2.03 accompanied by higher-than-average traded volume last Friday. It managed to climb above its MA 20 line and is challenging to challenge above the MA 50 line next. As indicators are showing bullish signals, share price is expected to trend higher.

• Resistance levels are identified at RM2.04 (R1) and RM2.07 (R2).

• On the flipside, support levels are pegged at RM1.94 (S1) and RM1.92 (S2).

Source: Rakuten Research - 14 Nov 2022