Mah Sing Group is expected to rebound upwards further, as it breached the MYR0.675 immediate resistance yesterday, printing a “higher high” bullish pattern. If the bulls follow through, the stock may travel towards the MYR0.70 resistance, before heading for the next resistance point of MYR0.715. If it falls below the support level of MYR0.65, the stock will likely move downwards, below the 21-day average line.
Source: RHB Securities Research - 1 Apr 2022
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