RHB Investment Research Reports

Trading Stocks - MCE Holdings

rhbinvest
Publish date: Thu, 07 Dec 2023, 07:28 PM
rhbinvest
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An official blog in I3investor to publish research reports provided by RHB Research team.

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MCE Holdings is set for a strong uptrend, as it broke above the MYR1.97 recent high, accompanied by high trading volume. The latest “higher high” bullish pattern above the rising 21-day SMA line suggests the uptrend movement is firming up, heading towards the YTD high of MYR2.10, followed by a new high at the MYR2.30 mark. On the other hand, falling below the MYR1.88 support will negate the bullish setup.

Source: RHB Securities Research - 7 Dec 2023

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