MN Holdings is resuming its uptrend movement, bouncing off the 21-day SMA line strongly, surpassing the MYR0.545 immediate resistance level – forming a “White Marubozu” bullish candlestick. Amid the fresh “higher high” bullish pattern, the stock is set to climb towards the MYR0.60 mark, then the MYR0.65 level. A fall below the MYR0.48 support would negate the bullish setup.
Source: RHB Securities Research - 1 Dec 2023
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Created by rhbinvest | Aug 30, 2024