Mestron Holdings is set to resume its uptrend reversal as it underwent a technical breakout above the MYR0.425 recently, and stayed afloat there. Supported by the bullish structure above the rising 21-day SMA line, the stock may climb further towards the MYR0.46 resistance, followed by the all-time high of MYR0.485. Conversely, dropping below the MYR0.405 support will negate the bullish setup.
Source: RHB Securities Research - 6 Jul 2023
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