Rakuten Trade Research Reports

Technical View - MR D.I.Y. GroupBhd

rakutentrade
Publish date: Thu, 10 Aug 2023, 09:06 AM
rakutentrade
0 2,117
An official blog in I3investor to publish research reports provided by Rakuten Trade research team.

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/

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

Rakuten Trade

Hotline: +603 2110 7110 (Account Opening, General enquiry)
Email: customerservice@rakutentrade.my

MR D.I.Y. GroupBhd

  • Share price closed 2.88% higher at RM1.43 on Wednesday.
  • MR.DIY has experienced a downtrend since reaching its YTD high of RM2.05 in January 2023. Recent share price reached its 52-week low at RM1.37 however, managed to break out from its resistance level of RM1.41 with decent buying momentum yesterday. Fundamentally, MRDIY registered higher revenue and net profit YoY, attribute to an increase in gross profit margin due to a significant reduction in freight costs. MACD is poised for a potential crossover in the near future, thus share price is expected to propel higher.
  • Resistance level are identified at RM1.51 (R1) and RM1.53 (R2).
  • On the flipside, support levels are pegged at RM1.38 (S1).

Source: Rakuten Research - 10 Aug 2023

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

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

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment