RHB Investment Research Reports
Trading Stocks - Mah Sing
rhbinvest
Publish date: Mon, 06 Nov 2023, 09:48 AM
rhbinvest
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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
Mah Sing is eyeing to stage a bullish breakout, testing the immediate resistance. The stock has been undergoing correction phase since falling below the 21-day SMA line. In the event it breaks past the MYR0.84 resistance, the stock would return to an upward trajectory. When this happens, it would climb towards MYR0.88, followed by MYR0.92. On the downside, breaching below the MYR0.80 support will resume the bearish phase.
Source: RHB Securities Research - 6 Nov 2023
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