RHB Investment Research Reports

Trading Stocks - Mieco Chipboard

Publish date: Mon, 11 Apr 2022, 08:49 AM
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Mieco Chipboard is eyeing the possibility of reclaiming its alltime high, as it bounced off the recent breakout level and headed towards the 52-week high of MYR0.70. If it manages to cross above that point, it may travel further towards the resistance of MYR0.75, before reaching the all-time high threshold of MYR0.79. Conversely, a fall below the MYR0.65 support will trigger selling pressure below the 21-day average line.

Source: RHB Securities Research - 11 Apr 2022

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