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.
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
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
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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