RHB Investment Research Reports

Trading Stocks - Mestron Holdings

rhbinvest
Publish date: Thu, 06 Jul 2023, 11:23 AM
rhbinvest
0 3,595
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

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

Related Stocks
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment