RHB Investment Research Reports

Trading Stocks - Muhibbah Engineering

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Publish date: Tue, 05 Dec 2023, 10:35 AM
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Muhibbah Engineering may rebound further, after pushing above the 21-day SMA line while heading towards the MYR0.80 mark. If a breakout above that level happens, the renewed momentum should lift the stock towards MYR0.85, followed by the next resistance point of MYR0.95. On the other hand, falling below the MYR0.72 support would lead to a resumption of the bearish phase.

Source: RHB Securities Research - 5 Dec 2023

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