MCE Holdings Bhd

• Share price closed 2.69% lower at RM1.81 on last Friday.

• MCEHLDG has been on a downtrend since its YTD peak at RM2.16 in April. We noticed high selling pressure over the past week despite its stronger than expected Q3FY23 financial result, thus a new support level was formed at RM1.77. Indicators are showing oversold signals hence share price may be due for a potential rebound.

• Resistance levels are identified at RM1.88 (R1) and RM1.91 (R2).

• On the flipside, support levels are pegged at RM1.77 (S1) and RM1.74 (S2).

Source: Rakuten Research - 10 Jul 2023

To sign up for an account : http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity:http://bit.ly/3I5Jzxo