RHB Investment Research Reports

Trading Stocks - Mah Sing Group

Publish date: Tue, 17 Jan 2023, 09:54 AM
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An official blog in I3investor to publish research reports provided by RHB Research team.

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Mah Sing Group is in the process of consolidating sideways near the 21-day average line – hovering between the MYR0.56 support and MYR0.59 resistance. If it manages to bounce off the MYR0.59 consolidation threshold, a follow-through bullish momentum should propel the stock towards the MYR0.615 resistance or 7 Dec 2022’s high – this is followed by the MYR0.65 mark. Conversely, the counter may reverse its direction if it falls below the MYR0.56 support, forming a “lower low” bearish structure below the average line.

Source: RHB Securities Research - 17 Jan 2023

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