RHB Investment Research Reports

Trading Stocks - MN Holdings

Publish date: Fri, 01 Dec 2023, 11:07 AM
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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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