RHB Investment Research Reports
Trading Stocks - Mieco Chipboard
rhbinvest
Publish date: Mon, 11 Apr 2022, 08:49 AM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
All materials published here are prepared by RHB Investment Bank Bhd. For latest offers on RHB Invest trading products and news, please refer to: http://www.rhbinvest.com
RHB Investment Bank Bhd
Level 3A, Tower One, RHB Centre
Jalan Tun Razak
Kuala Lumpur
Malaysia
Tel : +(60) 3 9280 8888
Fax : +(60) 3 9200 2216
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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